Post Utme Veritas University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_VERITAS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 10,000, ₦1 shares at a premium of ₦2 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦20,000,000
Correct Answer B. ₦22,000,000
C. ₦25,000,000
D. ₦30,000,000
Correct Answer
B
Correct Option:
₦22,000,000

About This Question

This is Post Utme Veritas University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.

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