Post Utme Pan Atlantic University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦1,250,000
B. ₦1,500,000
Correct Answer C. ₦1,750,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,750,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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