Post Utme Futo 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. The company also issues 5,000 debentures of ₦100 each. What is the total amount received by the company?

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 Futo 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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