Question on: WAEC Accounting - 2012
Share of ₦3 nominal value were issued at a price ₦4. The difference of ₦1 is a
A
commision
B
discount
C
premium
D
bonus
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Correct Option: C
Issue of shares at premium means that the issuing of shares above the face value (also called as nominal value or par value). The difference between the face value of shares and the price of shares issued at premium is the premium amount.
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