Alabede (NIG) limited issued 50,000 ordinary shares of ₦1 each at a market value of ₦2.50 each. The share premium is?

Alabede (NIG) limited issued 50,000 ordinary shares of ₦1 each at a market value of ₦2.50 each. The share premium is?

Options

A) ₦125 000

B) ₦500 000

C) ₦50 000 >>>>>>>>

D) ₦25 000

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