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If Aboki Holdings Limited issued 120 000 ordina... - JAMB Accounting 2011 Question

If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?
A
N500 000
B
N450 000
C
N550 000
D
N420 000
correct option: d
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