Share premium can be used to? i. write off discount on shares ii. give loans…

Accounts - Principles of Accounts 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.

  • i and iv only
  • i and iii only checkmark
  • ii and iii only
  • iii and iv only

The correct answer is: B

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