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

  • A N 1 000 000
  • B N 500 000
  • C N 50 000
  • D N 25 000

The correct answer is D. N 25 000

No explanation given
Previous question Next question