On December 1, 2017, Dee Ltd.agreed to sell 40,000 of their no par common shares on a subscription basis.On that day, 25% of the subscription price was collected as a down payment, with the remaining 75% due in 2018.On the December 31, 2017 statement of financial position, the shareholders' equity section would report

Question

Quizplus · Accepted Answer

The shares are subscribed but not fully paid, so they are reported as subscribed shares with a subscription receivable for the full amount.