Post Utme Wellspring University 2020 Accounting Question 41

Practice objective / multiple choice question 41 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 41 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 10,000 shares of 1 par value at a premium of 2 per share. What is the total amount received from the issue of these shares?

Answer Options

A. ₦20,000,000
Correct Answer B. ₦22,000,000
C. ₦24,000,000
D. ₦26,000,000
Correct Answer
B
Correct Option:
₦22,000,000

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 41. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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