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Alabede (NIG) limited issued 50 000 ordinary shares of N1 each at a market value of ...

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

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