Post Utme Wellspring University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. If the shares were sold for 5 each, calculate the total amount received from the sale of shares.

Answer Options

A. ₦30,000,000
Correct Answer B. ₦50,000,000
C. ₦60,000,000
D. ₦70,000,000
Correct Answer
B
Correct Option:
₦50,000,000

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

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