Post Utme Rsu 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company's share capital consists of 10,000 ordinary shares of ₦10 each. The company also has a 5% debenture stock of ₦100,000. The company's profit for the year ended December 31, 2022, is ₦250,000.

Answer Options

A. ₦300,000
Correct Answer B. ₦350,000
C. ₦400,000
D. ₦450,000
Correct Answer
B
Correct Option:
₦350,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support