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Accounts (Principles of Accounts) · Company accounts

Accounts (Principles of Accounts)Company accountsJAMB

A company issued 600,000 ordinary shares of ₦1 each at ₦1.50 per share. The share premium is

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Answer: C. ₦300,000

Premium per share 50 kobo × 600,000 = ₦300,000.

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