Post Utme Mountain Top University 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 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. ₦105,000
B. ₦110,000
C. ₦115,000
Correct Answer D. ₦120,000
Correct Answer
D
Correct Option:
₦120,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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