Post Utme Summit University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5% debentures of ₦100 each. The debentures are redeemable at a premium of 10%. Calculate the amount to be paid on redemption of the debentures.

Answer Options

A. ₦105
B. ₦110
Correct Answer C. ₦115
D. ₦120
Correct Answer
C
Correct Option:
₦115

About This Question

This is Post Utme Summit University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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