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  7. 1997
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  9. Q0
Question 0

Alabede (NIG) limited issued 50 000 ordinary shares of N1 each at a market value of N2.50 each. the share premium is?

  • A.N125 000
  • B.N500 000
  • C.N50 000
  • D.N25 000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1997
Question no.
#0
Type
Objective
Previous · Q0Share premium can be used to? i. write off discount on shares ii. give loans to… Next · Q0 What is the balance of the bank account shown above?

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