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    Financial Accounting IFRS Study Set 1
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    Exam 11: Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
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    Share Premium-Ordinary
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Question 25

Question 25

Multiple Choice

Share Premium-Ordinary


A) is credited when no-par share does not have a stated value.
B) is reported as part of equity on the statement of financial position.
C) represents the amount of legal capital.
D) normally has a debit balance.

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