Multiple Choice
Kim, Inc.issued 8,000 ordinary shares with a stated value of ¥100/share.The total issue of shares sold for ¥150 per share.The journal entry to record this transaction would include a
A) debit to Cash for ¥800,000.
B) credit to Share Capital-Ordinary for ¥800,000.
C) debit to Share Premium-Ordinary for ¥400,000.
D) credit to Share Capital-Ordinary for ¥1,200,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: The declaration and distribution of a share
Q90: Allstate, Inc., has 10,000 shares of 6%,
Q92: Agler, Inc.has 10,000 shares of 7%, $100
Q114: Which of the following is not true
Q130: Prior period adjustments to income are reported
Q160: A corporate board of directors does not
Q173: A factor which distinguishes the corporate form
Q247: Ordinary Share Dividends Distributable is classified as
Q301: A detailed equity section in the statement
Q309: The cumulative effect of the declaration and