When shares are sold ‘at par’ it means they are issued at

Accounts - Principles of Accounts WAEC 2010

When shares are sold ‘at par’ it means they are issued at

  • the market value
  • the nominal value checkmark
  • a discount
  • a premium

The correct answer is: B

Explanation

When shares are issued at a price equal to their face value it is termed as shares issued at par. Par value is also known as nominal value or face value.

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