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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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    James Corporation Issued 3,000 Preference Shares with a Par Value
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James Corporation Issued 3,000 Preference Shares with a Par Value

Question 239

Question 239

Multiple Choice

James Corporation issued 3,000 preference shares with a par value of CHF100 for CHF205 per share. The entry to record this transaction includes a credit to Share Premium-Preference for


A) CHF150,000.
B) CHF300,000.
C) CHF315,000.
D) CHF615,000.

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