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James Corporation Issued 1,000 Preference Shares with a Par Value

Question 157

Multiple Choice

James Corporation issued 1,000 preference shares with a par value of CHF100 for CHF205 per share.The entry to record this transaction includes a credit to Share Premium-Preference for


A) CHF50,000.
B) CHF100,000.
C) CHF105,000.
D) CHF205,000.

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