If a new company has issued 200,000 ordinary shares of 20p nominal value at a price of

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£2, what will be the entries in the share capital and share premium accounts?

a. Share capital £40,000, Share premium £360,000

b. Share capital £40,000, Share premium £400,000

c. Share capital £400,000, Share premium £360,000

d. Share capital £400,000, Share premium £40,000

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 10:04 AM

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If a new company has issued 200,000 ordinary shares of 20p nominal value at a price of

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Introduction To Accounting And Finance

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