WAEC Commerce 2014 Theory — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.
Advertisement
Olumide bought shares in a company with: Authorised capital #500,000; Issued capital #450,000; Nominal value #1.00; Market Price #1.20. If the shares are offered to him at #1, the share is sold at
- A. per value
- B. a discount
- C. face valueCorrect
- D. a premium
Explanation
Since the offer price (#1) equals the nominal (par) value, the share is issued at face value.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.