Post Utme Bowen University 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. The company also issues 500 debentures of ₦100 each. What is the total amount received from the issue of shares and debentures?

Answer Options

A. ₦15,500
Correct Answer B. ₦16,000
C. ₦16,500
D. ₦17,000
Correct Answer
B
Correct Option:
₦16,000

About This Question

This is Post Utme Bowen University 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Bowen 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