True or False If a share is sold by a company for 3.75 and its nominal value

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True or False

If a share is sold by a company for ₹3.75 and its nominal value is ₹1, the difference of ₹2.75 is known as a share premium.

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Posted: Aug 26, 2023 04:26 AM

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True or False If a share is sold by a company for 3.75 and its nominal value

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True The statement is correct If a share is sold by a company for an amount highe...View the full answer

Financial Accounting For Management

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