On June 1, Federia Ltd. issues 4,500 no-par ordinary shares at a cash price of HK$6 per
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On June 1, Federia Ltd. issues 4,500 no-par ordinary shares at a cash price of HK$6 per share. Journalize the issuance of the shares assuming the shares have a stated value of HK$2 per share.
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Journal Entry Description Debit Credit Cash HK27000 Common Stock HK9000 Additional paidin capital A...View the full answer
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Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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