Multiple Choice
Suppose 100 common shares are issued for $12.50 per share. The entry to record this issuance includes a:
A) credit to Retained Earnings for $1,250
B) credit to Common shares for $1,250
C) debit to Preferred Shares for $1,000
D) credit to Contributed Surplus for $250
Correct Answer:
Verified
Correct Answer:
Verified
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