Post Utme Nile University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Nile University Accounting examination.

Post Utme Nile University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 5% debentures of ₦100 each at a premium of ₦10 per share. What is the total amount received from the issue of debentures?

Answer Options

A. ₦500,000
Correct Answer B. ₦525,000
C. ₦550,000
D. ₦575,000
Correct Answer
B
Correct Option:
₦525,000

About This Question

This is Post Utme Nile University 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Nile University Accounting examination.

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