Dunn Trading Co.issued 2,500 ordinary shares, The shares have a ₤2 par value and sold for ₤12 per share.Dunn incurred ₤3,000 to sell the shares related to underwriting costs and legal fees.Dunn Trading Co.will record the ₤3,000 as
A) A debit to Share Premium-Ordinary.
B) A debit to Financing Expense.
C) A credit to Share Premium-Ordinary.
D) A credit to Share Capital-Ordinary.
Correct Answer:
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