Post Utme Babcock University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 10,000 shares of ₦ 1 each at a premium of ₦ 0.50 per share. The company also issues 5,000 10% debentures of ₦ 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦ 105,000
Correct Answer B. ₦ 110,000
C. ₦ 115,000
D. ₦ 120,000
Correct Answer
B
Correct Option:
₦ 110,000

About This Question

This is Post Utme Babcock University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support