Shares sold at the nominal value are issued at

Assessment: WAEC SSCE - Financial Accounting - 2001 (Objective) Subject: Financial Accounting

Question 1 Report

Shares sold at the nominal value are issued at
Answer Details
Shares sold at the nominal value are issued at par. Nominal value or face value is the stated value of a share or security that appears on the face of the share or security certificate. It is also known as par value. When a company issues shares at their nominal value or par value, it means that the shares are being sold at the original issue price, without any premium or discount. Therefore, when shares are issued at their nominal value or par value, they are issued at par. This means that the selling price is equal to the face value or nominal value of the share. Hence, the correct option is "par".

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning