WAEC Accounting 2014 Objective — Question 31
Question 31 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.
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Shares issued below nominal value are referred to as shares issued at a
- A. premium
- B. discountCorrect
- C. face value
- D. cumulative value
Explanation
When shares are issued below the nominal value, they are said to be issued at a discount.
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