James Corporation issued 1,000 preference shares with a par value of CHF100 for CHF205 per share.This transaction will
A) increase total equity by CHF205,000.
B) increase Share Premium-Preference by CHF205,000.
C) decrease Retained Earnings by CHF105,000.
D) increase Share Capital-Ordinary by CHF105,000.
Correct Answer:
Verified
Q121: Use the following information to answer questions
Q122: Five thousand treasury shares of Meyer, Inc.,
Q123: Le Bateau Company issued 25,000 shares of
Q125: A company would not acquire treasury shares
A)
Q127: Use the following information to answer questions
Q128: Slaton Company originally issued 3,000 ordinary shares
Q129: When preference shares is cumulative, preference dividends
Q131: Dividends in arrears on cumulative preference shares
A)
Q131: Richard Company paid £21,000 to buy 4,000
Q139: Treasury Shares are a(n)
A) contra asset account.
B)
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