Alabede (NIG) limited issued 50 000 ordinary shares of N1 each at a market value
FINANCIAL
JAMB 1997
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
Correct Answer: C. N50 000
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