On December 1, 2020, Dee Ltd

Multiple Choice

On December 1, 2020, Dee Ltd. agreed to sell 40,000 of their no par common shares on a subscription basis. On that day, 25% of the subscription price was collected as a down payment, with the remaining 75% due in 2021. On the December 31, 2020 statement of financial position, the shareholders' equity section would report

A) common shares issued for 25% of the subscription price.
B) common shares issued for 100% of the subscription price less a subscription receivable for 75% of the subscription price.
C) common shares subscribed for 75% of the subscription price.
D) common shares subscribed for 100% of the subscription price less a subscription receivable for 75% of the subscription price.