Post Utme Veritas University 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_VERITAS_UNIVERSITY • 2017 • 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, calculate the amount of premium received.

Answer Options

Correct Answer A. ₦50,000
B. ₦40,000
C. ₦30,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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