Accounting JAMB

If Aboki Holdings Limited issued 120 000 ordinary share of N2.00 each at market value of 5.50k each; the share premium would?
If Aboki Holdings Limited issued 120 000 ordinary share of N2.00 each at market value of 5.50k each; the share premium would?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 Answer:

Option D – N420 000

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