Post Utme Uniport 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. The shares are redeemable after 10 years. Calculate the amount of premium on the shares.

Answer Options

Correct Answer A. ₦20,000
B. ₦10,000
C. ₦5,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Uniport 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support