New Corp.issues 2,000 ordinary shares with a $10 par value at $14 per share.When the transaction is recorded, credits are made to
A) Share Capital-Ordinary $8,000 and Share Premium-Ordinary $20,000.
B) Share Capital-Ordinary $28,000.
C) Share Capital-Ordinary $20,000 and Share Premium-Ordinary $8,000.
D) Share Capital-Ordinary $20,000 and Retained Earnings $8,000.
Correct Answer:
Verified
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