Le Bateau Company issued 35,000 shares of 5%, €100 par value preference shares for €114 per share. This transaction will
A) increase the Share Premium-Preference account by €490,000.
B) increase the Cash account by €3,500,000.
C) increase the Retained Earnings account by €490,000.
D) increase the Share Capital-Preference account by €490,000.
Correct Answer:
Verified
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