When shares are sold at more than the par value; they are said to have been issued at?

By: |Published on: Nov 30|Categories: Accounting JAMB| 0 comments

A. A premium
B. Normal value
C. A discount
D. A profit

Correct Answer:

Option B – Normal value

Explanation

Par value (also known as par, nominal value or face value) is the face value of a bond. Par value for a share refers to the stock value stated in the corporate charter.

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