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If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value...

Accounts - Principles of Accounts
JAMB 2011
If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?
  • A. N500 000
  • B. N450 000
  • C. N550 000
  • D. N420 000
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Correct Answer: Option D
Explanation
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