Post Utme Unilag 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company issued 5,000 shares of 1 par value at a premium of 3 per share. If the company received a total of 15,000 from the sale of these shares, what is the total amount of the premium received?

Answer Options

A. ₦7,500
B. ₦10,000
Correct Answer C. ₦12,500
D. ₦15,000
Correct Answer
C
Correct Option:
₦12,500

About This Question

This is Post Utme Unilag 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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