JAMB Accounting 2013 Objective — Question 47

Question 47 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

The debenture issued at par above the nominal value is said to be issued at a

A. cost price
B. mark-up
C. premiumCorrect
D. margin

Explanation

When financial documents (such as debentures) are issued above their nominal (par) value, they are said to be issued at a premium.

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