JAMB Accounting 2013 Objective — Question 36

Question 36 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

When a share valued at 50k is issued at 1.50, it is said to be issued at

A. par
B. premiumCorrect
C. discount
D. interest

Explanation

When a share is issued above its par (nominal) value, it is said to be issued at a premium.

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