Post Utme Unilag 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦250,000, what is the amount received from the issue of shares?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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