Post Utme Crawford University 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a debenture stock of ₦500000, divided into 500 debentures of ₦1000 each. If the company issues 200 debentures at a premium of ₦10 per debenture, what is the total amount received from the issue of debentures?

Answer Options

A. ₦200000
B. ₦220000
C. ₦240000
Correct Answer D. ₦260000
Correct Answer
D
Correct Option:
₦260000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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