Hiro Corp.issues 1,000 €5 par value ordinary shares and 1,000 €20 par value preference shares for a lump sum of €60,000.At the issue date, the ordinary shares were selling for €36 and the preference shares were selling for €28.The Share Premium-Ordinary account will be credited for
A) €31,000
B) €36,000
C) €26,250
D) €28,750
Correct Answer:
Verified
Q61: Noncumulative preferred dividends in arrears
A)are not paid
Q61: Gannon Company acquired 6,000 shares of its
Q62: Norton Company issues 4,000 shares of its
Q64: Sosa Co.'s equity at January 1, 2012
Q65: Luther Inc., has 2,000 shares of 6%,
Q67: Wheeler Company issued 5,000 shares of its
Q68: On September 1, 2012, Valdez Company reacquired
Q69: An analysis of equity of Hahn Corporation
Q70: Manning Company issued 10,000 shares of its
Q71: On December 1, 2012, Abel Corporation exchanged
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