Post Utme Unn 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦10,000
Correct Answer B. ₦10,500
C. ₦11,000
D. ₦11,500
Correct Answer
B
Correct Option:
₦10,500

About This Question

This is Post Utme Unn 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Unn 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