Post Utme Elizade University 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. The debentures are redeemable at a premium of 10% after 5 years. Calculate the amount of premium to be paid.

Answer Options

A. ₦500,000
B. ₦1,000,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

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