Post Utme Ksu 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Ksu Accounting examination.

Post Utme Ksu 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_KSU • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of its common stock at ₦10 per share. If the company also issued 2,000 debentures at 10% interest, what is the total amount of interest paid annually?

Answer Options

A. ₦20,000
Correct Answer B. ₦40,000
C. ₦60,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Ksu 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Ksu Accounting examination.

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