Post Utme Crawford University 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000 £ 1 shares at a premium of £ 0.50 per share. The company also issued 2,000 £ 5 debentures at 5% interest. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. £ 25,000
B. £ 30,000
Correct Answer C. £ 35,000
D. £ 40,000
Correct Answer
C
Correct Option:
£ 35,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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