Post Utme Igbinedion University 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 5,000, 12% debentures of ₦50 each at a premium of 10%. Calculate the amount received from debenture holders.

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Igbinedion University 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