Post Utme Igbinedion University 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 9% debentures of ₦100 each. If the debentures are redeemable at a premium of 5%, what is the total amount to be paid to redeem the debentures?

Answer Options

A. ₦1,050,000
B. ₦1,050,000
C. ₦1,050,000
Correct Answer D. ₦1,050,000
Correct Answer
D
Correct Option:
₦1,050,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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