Lucroy AG issues 100 shares of 10 par value preference shares at 12 per share. In recording

Question:

Lucroy AG issues 100 shares of €10 par value preference shares at €12 per share. In recording the transaction, credits are made to:

a. Share Capital—Preference €1,200.

b. Share Capital—Preference €1,000 and Retained Earnings €200.

c. Share Capital—Preference €1,000 and Share Premium—Ordinary €200.

d. Share Capital—Preference €1,000 and Share Premium—Preference €200.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Question Posted: Apr 05, 2024 01:40 AM

See More Questions

Exercise - evaluating going concern Snow Co is a manufacturer of textiles and soft furnishings which it supplies to retail organisations. The company's revenue has reduced by 20% in the year to 31...
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
Find the area under one arch of the cycloid x = a(t - sin t), y = a(1 - cos t).
Sarku Company manufactures bicycles. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as...
The manager of a supermarket counts the number of customers waiting in the express checkout line at random times throughout the week. Her observations are found in the following frequency table:...
Andy applies for a custodial supervisor position with a school district in Texas. The job description states that a preferred qualification is that the candidate be fluent in both English and Spanish...
Bolsa Corporation produces high-quality leather belts. The company uses a standard cost system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor...
Defermine the dimensions of the spotted structural member as ' Q 1 " , which may be considered as a console bearn, using first. pniciples of "Strength of Mateniais" ( that is , \ sigma max < = \...
Chard Ltd. issues 5,000 100 par value preference shares for cash at 118 per share. Journalize the issuance of the preference shares.
What are the basic ownership rights of ordinary shareholders in the absence of restrictive provisions?
ETFs and index mutual funds hold similar underlying assets. Why might an investor prefer one over the other?
Suppose that a firm has a production function f(L, K) = 3LK + K and the input prices are w = 6 and r = 10 (a) If the firm is targeting q = 125, then find the long-run cost minimizing labor and...
An engineer measures the peak power output of an industrial engine. The peak power output is 0.484 MW. What is the peak power output in kilowatts? Write your answer as a decimal.
Consider the following closed economy C 140+0.7YD I= 100+ 0.1Y - 200i G = 230 T = 200 Md P M = 6000 P = 5 = Y - 2000i where C' is consumption expenditure, Y is income and output, Y is disposable...
A snack food factory in the Tuas area of Singapore employs 100 workers and 20 machines. Currently the marginal product of labor is $6 and that of capital is $15. Assuming that the market prices for...
What was gross profit from Fitness Factor's income statement for the year ending December 31, 2023? What was operating profit (i.e., EBIT) from Fitness Factor's income statement for the year ending...
The viscous oil in Fig P4.88 is set into steady motion by a concentric inner cylinder moving axially at velocity U inside a fixed outer cylinder. Assuming constant pressure and density and a purely...
Respond to the ethical judgments required based on the following scenarios. Scenario 1. Assume you have collected a sample using MUS and that you have evaluated that sample to calculate a total...
The principal question, in this case, concerns the admissibility of evidence seized from an automobile, in which petitioner was riding at the time of his arrest after the automobile was taken to a...
Chris had taken his car to Bauer to get his winter wheels and tires mounted. While Bauer had the car, they looked it over and discovered that the brakes where bad and replaced all the disc brakes for...
Discuss one of these categories and the distinctions between law vs equity. Discuss differentiation between them.

Lucroy AG issues 100 shares of 10 par value preference shares at 12 per share. In recording

Question:

Step by Step Answer:

The correct answer is c Share CapitalPreference 1000 and Share Pr...View the full answer

Financial Accounting With International Financial Reporting Standards

Students also viewed these Business questions