Alabede (Nig.) Limited issued N50,000 ordinary shares if 1 each at a market value of

FINANCIAL
POST UTME UI

Alabede (Nig.) Limited issued N50,000 ordinary shares if 1 each at a market value of N2.50 each. The share premium is

  • A) N125,000
  • B) N100,000
  • C) N75,000
  • D) N50,000

Correct Answer: C) N75,000

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