An ordinary share of N80 was issued at N96. The share was issued at?

Accounts - Principles of Accounts

JAMB 2010

A. premium
B. par
C. discount
D. loss

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Correct Answer: Option A

Explanation

Share premium is the amount by which the amount received by a company for a stock issue exceeds its face value. when shares are sold at an amount higher than the face value it is sold at premium

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An ordinary share of N80 was issued at N96. The share was issued at?

Correct Answer: Option A

Explanation

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