Post Utme Wellspring University 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 shows a capital of ₦300,000. If the company issued 5,000, 10% debentures of ₦100 each, what is the amount of dividend paid to the debenture holders?

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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