Multiple Choice
La Vida Corporation issued 24,000 shares of no-par value ordinary shares for €29.50 per share. Which of the following statements is true?
A) Share Premium-Ordinary account will increase by €276,000.
B) The Cash account will increase by €24,000.
C) Retained Earnings account will increase by €684,000.
D) Share Capital-Ordinary account will increase by €708,000.
Correct Answer:
Verified
Correct Answer:
Verified
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