Post Utme Uniport 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦50,000
B. ₦25,000
C. ₦12,500
D. ₦62,500
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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