Post Utme Unilorin 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2022 • ACCOUNTING • objective

A company issued 10,000 8% preference shares of ₦20 each at a premium of ₦2 per share. Calculate the amount received from preference shareholders and the dividend payable annually.

Answer Options

Correct Answer A. ₦200,000
B. ₦240,000
C. ₦280,000
D. ₦320,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Unilorin 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

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