Post Utme Veritas University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 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 Veritas University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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