Post Utme Wellspring University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000, 10% preference shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of these shares.

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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