If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value…

Accounts - Principles of Accounts JAMB 2011

If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?

  • N500 000
  • N450 000
  • N550 000
  • N420 000 checkmark

The correct answer is: D

Explanation

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