Post Utme Rhema University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 10,000, 9% debentures of ₦100 each at a premium of 10%. The debentures are redeemable at the end of 5 years. Calculate the amount of interest to be paid annually.

Answer Options

A. ₦90,000
B. ₦100,000
Correct Answer C. ₦110,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦110,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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