A company was able to acquire land with a market value of 6 million, by issuing four
Question:
A company was able to acquire land with a market value of £6 million, by issuing four million ordinary shares of £1 each. When accounting for the acquisition of land and the issue of shares, how much should be credited to the Share premium account?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
3+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
