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Quo Corporation Issues 100 Common Shares for $12 Per Share

Question 27

Multiple Choice

Quo Corporation issues 100 common shares for $12 per share.This transaction will include a:


A) credit to Retained Earnings for $1,200
B) credit to Contributed Surplus for $1,200
C) debit to Common Shares for $1,200
D) credit to Common Shares for $1,200

Correct Answer:

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