Post Utme Delsu 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Delsu Accounting examination.

Post Utme Delsu 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_DELSU • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The company also issued 5,000, 10-year, 8% debentures at 95. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦1,500,000
Correct Answer B. ₦1,600,000
C. ₦1,700,000
D. ₦1,800,000
Correct Answer
B
Correct Option:
₦1,600,000

About This Question

This is Post Utme Delsu 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Delsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support