Post Utme Futo 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company has a debt of ₦100,000 that is due for repayment in 5 years. What is the present value of the debt using the discount rate of 10%?

Answer Options

Correct Answer A. ₦80,000
B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Futo 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.

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