Post Utme Oau 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Oau Accounting examination.

Post Utme Oau 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_OAU • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The company also issued 5,000 8% debentures of 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦450,000
Correct Answer B. ₦500,000
C. ₦550,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Oau 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Oau Accounting examination.

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