Oleku (Nig.) Limited issued 100,000 ordinary shares of N1 each at a market value of \(N 250\) each. The share premium is ____________
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Correct Answer: Option D
Explanation:
Share premium (premium on share) is the excess of the issuing price of a share over the per value (face value) 100,000 ordinary share @ \(N 1=100,000 \times 1=(100,000)\) (Per value) \(100.000\) ordinary issued@
Share premium (premium on share) is the excess of the issuing price of a share over the per value (face value) 100,000 ordinary share @ \(N 1=100,000 \times 1=(100,000)\) (Per value) \(100.000\) ordinary issued@