Post Utme Wellspring University 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 equity shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
Correct Answer B. ₦550,000
C. ₦600,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦550,000

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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