JAMB Commerce 2007 Objective — Question 8
Question 8 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.
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A share premium is an example of
- A. issued capital
- B. equity capital
- C. capital reserveCorrect
- D. capital stock
Explanation
Share premium is a capital reserve; it arises only occasionally and cannot be used to cover day-to-day running costs of a business.
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