When a share valued at 50k is issued at #1.59, it is said to be issued at

  • A par
  • B premium
  • C discount
  • D interest
jamb 2013accounting

The correct answer is B. premium

Issue of shares at premium means that the issuing of shares above the face value (also called as nominal value or par value). Simply put, when shares are issued at a price higher than the face value, it is said to be issued at a premium.

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