Flag Ltd has received applications for 4 million shares during July 2014.The shares are to be issued at a price of $2.75 per share.The 4 million shares are allotted on 15 August 2014.What are the accounting entries required to record these events?
A) 
B) 
C) 
D) 
Correct Answer:
Verified
Q23: Semaphore Ltd called for subscriptions for 15
Q24: In the case of a share issue
Q25: Double entry accounting requires that:
A) the claims
Q26: A residual interest is:
A) a claim to
Q27: Equity's claim against the assets of the
Q29: Holders of ordinary shares:
A) are assured of
Q30: Accounts that make up owners' equity may
Q31: The process for issuing shares is that:
A)
Q32: When shares are allotted,or a call made
Q33: Normal features of ordinary shares include:
A) They
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