Post Utme Futo 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company issues 10,000, 12% debentures of ₦50 each at a premium of 10%. Calculate the amount received from debenture holders.

Answer Options

A. ₦550,000
B. ₦600,000
Correct Answer C. ₦650,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦650,000

About This Question

This is Post Utme Futo 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Futo 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