Post Utme Unn 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNN • 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 ₦120,000, what is the amount received from the share premium?

Answer Options

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

About This Question

This is Post Utme Unn 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

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