Le Bateau Company issued 25,000 shares of 5%, €100 par value preference shares for €114 per share.This transaction will
A) increase the Share Premium-Preference account by €350,000.
B) increase Cash account by €2,500,000.
C) increase Retained Earnings account by €350,000.
D) increase Share Capital-Preference account by €350,000.
Correct Answer:
Verified
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