Multiple Choice
James Corporation issued 3,000 preference shares with a par value of CHF100 for CHF205 per share. This transaction will
A) increase total equity by CHF615,000.
B) increase Share Premium-Preference by CHF615,000.
C) decrease Retained Earnings by CHF315,000.
D) increase Share Capital-Ordinary by CHF315,000.
Correct Answer:
Verified
Correct Answer:
Verified
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