Post Utme Covenant University 2019 Accounting Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Covenant University Accounting examination.
A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The issue expenses were £ 10,000. The company also issued 5,000 6% debentures of £ 100 each. Calculate the total amount received from the issue of shares and debentures.
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About This Question
This is Post Utme Covenant University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.
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