Post Utme Uniport 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIPORT • 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 ₦500,000, what is the amount received from the issue of shares?

Answer Options

A. ₦400,000
B. ₦450,000
Correct Answer C. ₦500,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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