Post Utme Unilorin 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 50% to the market value. If the market value of the shares is 5, what is the total amount received from the issue of shares?

Answer Options

A. ₦50,000,000
Correct Answer B. ₦60,000,000
C. ₦70,000,000
D. ₦80,000,000
Correct Answer
B
Correct Option:
₦60,000,000

About This Question

This is Post Utme Unilorin 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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