Voltaire Corporation issued 5,000 ordinary shares of CHF5 par value for CHF20 per share. The entry to record this transaction includes a credit to Share Premium-Ordinary for
A) CHF100,000.
B) CHF75,000.
C) CHF25,000.
D) CHF50,000.
Correct Answer:
Verified
Q6: The authorized shares of a corporation
A)only reflects
Q85: The par value of shares
A) is legally
Q86: If a company issues par-value ordinary shares,
Q88: If ordinary shares are issued for an
Q89: Share Premium-Ordinary
A) is credited when no-par share
Q91: Limited liability of shareholders means that
A) the
Q92: Jahnke Corporation issued 8,000 shares of €2
Q94: The sale of ordinary shares below par
A)
Q95: Which of the following is not a
Q261: La Vida Corporation issued 24,000 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents