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    Financial Accounting IFRS Study Set 2
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    Exam 11: Corporations: Organization, Share Transactions, Dividends,and Retained Earnings
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    Voltaire Corporation Issued 2,000 Ordinary Shares of CHF5 Par Value
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Voltaire Corporation Issued 2,000 Ordinary Shares of CHF5 Par Value

Question 33

Question 33

Multiple Choice

Voltaire Corporation issued 2,000 ordinary shares of CHF5 par value for CHF20 per share.The entry to record this transaction includes a credit to Share Premium-ordinary for


A) CHF40,000.
B) CHF30,000.
C) CHF10,000.
D) CHF20,000.

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