Post Utme Pan Atlantic University 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. The company also issues 500 debentures of ₦100 each at a discount of ₦5 per debenture. What is the total amount received from the issue of shares and debentures?

Answer Options

Correct Answer A. ₦15,000
B. ₦12,500
C. ₦17,500
D. ₦20,000
Correct Answer
A
Correct Option:
₦15,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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