Multiple Choice
If Vickers Company issues 4,000 ordinary shares with a $5 par value for $140,000,
A) Share Capital-Ordinary will be credited for $140,000.
B) Share Premium-Ordinary will be credited for $20,000.
C) Share Premium-Ordinary will be credited for $120,000.
D) Cash will be debited for $120,000.
Correct Answer:
Verified
Correct Answer:
Verified
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