Multiple Choice
During 20X5, KL Ltd issued new shares for $5 million, and it incurred $100 000 brokerage costs and $100 000 in stamp duty costs for this issue.In the 20X5 year, KL Ltd would most likely debit:
A) $200 000 to retained profits
B) $200 000 to loss
C) $200 000 to expense
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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