Post Utme Joseph Ayo Babalola University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The company also issued 5,000 10% debentures of ₦ 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦ 120,000
Correct Answer B. ₦ 130,000
C. ₦ 140,000
D. ₦ 150,000
Correct Answer
B
Correct Option:
₦ 130,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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