Post Utme Bowen University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 1,000, 10% debentures of ₦100 each at a discount of 5%. The company pays interest annually. If the debentures are redeemed after 5 years, what is the total amount paid to the debenture holders?

Answer Options

A. ₦1,500,000
B. ₦1,600,000
Correct Answer C. ₦1,500,000
D. ₦1,600,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Bowen University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Bowen University Accounting examination.

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