WAEC Commerce Past Questions & Answers - Page 96

476.

Which of the following is an intangible asset of a firm

A.

Goodwill

B.

Reserve

C.

Skilled personnel

D.

Rights issue

Correct answer is C

No explanation has been provided for this answer.

477.

The nominal value of a share is same as its

A.

market value

B.

below par value

C.

above par value

D.

face value

Correct answer is D

The nominal value, or book value, of a share is usually assigned when the stock is issued. Market value reflects what the market is willing to pay for it. These two values may differ tremendously as a result of different market conditions as well as supply and demand.

Nominal value is also known as face value or par value. It is the stated worth of an asset. Most likely, this was the value of the asset at the time it was issued, such as cash, bonds and stocks.

480.

Partnership form of business is most appropriate

A.

where professionals are needed

B.

for non-profit making ventures

C.

where very large capital is required

D.

where the liability of members is limited

Correct answer is C

No explanation has been provided for this answer.