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Alabede NIG limited issued 50 000 ordinary shar... - JAMB Accounting 1997 Question

Alabede (NIG) limited issued 50 000 ordinary shares of N1 each at a market value of N2.50 each. the share premium is?
A
N125 000
B
N500 000
C
N50 000
D
N25 000
correct option: c
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