Post Utme Wellspring University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. The shares were subscribed for by the public for ₦15 per share. Calculate the amount received from the public and the amount paid up by the shareholders.

Answer Options

A. ₦150,000
Correct Answer B. ₦160,000
C. ₦170,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦160,000

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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