Multiple Choice
If Kiner Company issues 4,500 ordinary shares with a $5 par value for $80,000, the account
A) Share Capital-Ordinary will be credited for $22,500.
B) Share Premium-Ordinary will be credited for $22,500.
C) Share Premium-Ordinary will be credited for $80,000.
D) Cash will be debited for $57,500.
Correct Answer:
Verified
Correct Answer:
Verified
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