Post Utme Wellspring University 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦100 each. The debentures are redeemable at a premium of 5% after 5 years. Calculate the amount of premium to be paid.

Answer Options

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

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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