Question: PQR SAOG issues 1,000,000 7% Redeemable preference stock with a par value of OMR1 at a premium issue price of OMR1.200 on 1st Jan 2019.

PQR SAOG issues 1,000,000 7% Redeemable preference stock with a par value of OMR1 at a premium issue price of OMR1.200 on 1st Jan 2019. Which of the following is TRUE for credit entry? O a. Share premium OMR200,000 O b. Bank account with OMR1,000,000 O c. 7% redeemable preference shares account with OMR1,200,000 O d. Bank account with OMR1,200,000

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