JAMB - Accounts Principles Of Accounts (2000 - No. 19)
Didi Ltd offered 10,000 ordinary shares of N1.50 each at a discount of 2% which were fully subscribed. With regard to the offer above?
shares are never offered at a discount; the offer is invalid
the value of shares in the capital account will be lowered by 2%
the company incurs a loss to the tune of 2% of the offer
each of the subscribers loses 2% of investment
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