ABC Industries issues 1,000 10 par ordinary shares value at 12 per share. In recording the transaction,

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ABC Industries issues 1,000 €10 par ordinary shares value at €12 per share. In recording the transaction, credits are made to:

a. Share Capital—Ordinary €10,000 and Share Premium—Ordinary €2,000.

b. Share Capital—Ordinary €12,000.

c. Share Capital—Ordinary €10,000 and Gain from Sale of Shares €2,000.

d. Share Capital—Ordinary €10,000 and Retained Earnings €2,000.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

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

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Question Posted: Apr 05, 2024 01:40 AM

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ABC Industries issues 1,000 10 par ordinary shares value at 12 per share. In recording the transaction,

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To record the issuance of 1000 10 par ordinary shares valued at 12 per share you need to consider th...View the full answer

Financial Accounting With International Financial Reporting Standards

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