When no-par share is issued:
A) The entire amount received is credited to the Share Premium account.
B) The issue price is credited to the Share Capital account.
C) There is no legal capital created because there is no par or stated value.
D) The transaction usually involves only an exchange for non-cash assets or services, since the share has no value on the share exchanges.
Correct Answer:
Verified
Q75: Treasury share:
A) Is an asset.
B) Increases total
Q76: Treasury share should most often be recorded:
A)
Q77: If a corporation has only ordinary share
Q78: Which statement is true about a share
Q79: If the preference share of a corporation
Q81: Coronet Corp. has total shareholders' equity of
Q82: A 2-for-1 share split will have
Q83: Marks Corporation has total shareholders' equity of
Q84: The purchase of treasury share for
Q85: Does treasury share represent?
A) Shares of ownership
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