Post Utme Osustech 2019 Accounting Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 24 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦1,500,000
B. ₦2,000,000
Correct Answer C. ₦2,500,000
D. ₦3,000,000
Correct Answer
C
Correct Option:
₦2,500,000

About This Question

This is Post Utme Osustech 2019 Accounting Question 24. It is one of the objective questions from the 2019 Post Utme Osustech Accounting examination.

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