Post Utme Skyline University 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The company also issued 5,000 6% debentures of £ 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦250,000
B. ₦275,000
C. ₦300,000
Correct Answer D. ₦325,000
Correct Answer
D
Correct Option:
₦325,000

About This Question

This is Post Utme Skyline University 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Skyline University 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