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WAEC Financial Accounting 2010 Question 43

Question 43

Company Accounts

When shares are sold 'at par' it means they are issued at

  1. A.the market value
  2. B.the nominal value
  3. C.a discount
  4. D.a premium
Show the answer and explanation

Answer: B (the nominal value)

Explanation

At par means at the face (nominal) value of the share.