Post Utme Caleb University 2017 Accounting Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 5 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 5% debentures of ₦100 each at a premium of ₦10 per share. What is the total amount received from the issue of debentures?

Answer Options

A. ₦525
B. ₦550
C. ₦575
Correct Answer D. ₦600
Correct Answer
D
Correct Option:
₦600

About This Question

This is Post Utme Caleb University 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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