When shares are sold at more than the par value, they are said to have…

Accounts - Principles of Accounts JAMB 2015

When shares are sold at more than the par value, they are said to have been issued at

  • A premium
  • Normal value checkmark
  • A discount
  • A profit

The correct answer is: B

Explanation

Par value  (also known as par, nominal value or face value) is the face value of a bond. Par value for a share refers to the stock value stated in the corporate charter. 

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