A company has 5% debentures worth N500 000 ordinary share...
A company has 5% debentures worth N500 000 ordinary share capital N 2 000 000, and preference shares N1500 000. if the company made a profit of N 1 000 000, the debenture interest would amount to
N1,000,000
N500,000
N50,000
N25,000
Correct answer is D
No explanation has been provided for this answer.
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