Post Utme Rhema University 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2018 • 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. What is the total amount received from the issue of shares and debentures?

Answer Options

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

About This Question

This is Post Utme Rhema University 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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