On January 1 Hiro Corp.issues 1,000 no-par ordinary shares for €15 per share.The shares have a stated value of €5 per share.When Hiro prepares the journal entry to record the issuance of the shares which of the following will be recorded?
A) Debit Share Capital-Ordinary €5,000.
B) Credit Share Capital-Ordinary €15,000.
C) Debit Share Premium-Ordinary €15,000.
D) Credit Share Premium-Ordinary €10,000
Correct Answer:
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