Post Utme Madonna University 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 5% debentures of ₦100 each at a premium of ₦10 per share. Calculate the annual interest payable on the debentures.

Answer Options

Correct Answer A. ₦5,000
B. ₦4,000
C. ₦6,000
D. ₦3,000
Correct Answer
A
Correct Option:
₦5,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

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