The debenture issued at par above the nominal value is said to be issued at…

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Accounts - Principles of Accounts JAMB 2013

The debenture issued at par above the nominal value is said to be issued at a

  • cost price
  • mark-up
  • premium checkmark
  • margin

The correct answer is: C

Explanation

If debentures are issued at a price more than its nominal value (face value) such an issue is called issue at a premium.

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