Post Utme Coal City University 2025 Accounting Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2025 Accounting Objective / Multiple Choice
Question 28 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a premium of 10%. Calculate the total amount received from debenture holders.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,050,000
C. ₦1,100,000
D. ₦1,150,000
Correct Answer
B
Correct Option:
₦1,050,000

About This Question

This is Post Utme Coal City University 2025 Accounting Question 28. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.

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