Share premium can be used to? i. write off discount on shares ii. give loans...
FINANCIAL
JAMB 1997
Share premium can be used to?
i. write off discount on shares
ii. give loans to directors
iii.pay dividends
iv. pay company's formation expenses.
- A. i and iv only
- B. i and iii only
- C. ii and iii only
- D. iii and iv only
Correct Answer: B. i and iii only
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