Post Utme Lead City University 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 10% debentures of \\ 100 each at a discount of 5% and 7% respectively. If the company receives \\ 95 for each debenture, what is the total amount received?

Answer Options

A. \\ 950
B. \\ 1,000
Correct Answer C. \\ 1,050
D. \\ 1,100
Correct Answer
C
Correct Option:
\\ 1,050

About This Question

This is Post Utme Lead City University 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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