Post Utme Unn 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Unn Accounting examination.

Post Utme Unn 2025 Accounting Objective / Multiple Choice
Question 1 POST_UTME_UNN • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of 10% preference shares at a premium of 20% on the face value. The face value of each share is ₦10. Calculate the total premium received.

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦200,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Unn 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Unn Accounting examination.

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