Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

6. On January 1, 2020 ABC company issued 10,000 shares of $10 par value preference shares for $14 cash per share. When ABC prepare the

6. On January 1, 2020 ABC company issued 10,000 shares of $10 par value preference shares for $14 cash per share. When ABC prepare the journal entry, one of the following account will appear: (1 Point) O Dr. Share premium - preference 40,000 O Dr. Cash 100.000 O Cr. Share capital - preference 140.000 O Cr. Share premium - ordinary 40,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2.3. Use learning theory to explain how certain childhood disorders develop and are maintained over time.

Answered: 1 week ago

Question

★★★★★

On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $800; land of $3,500; notes payable of $600; and common stock of $1,000. Required a....

Answered: 1 week ago

Question

★★★★★

Directions: Describe one potential example of how a business (or other relevant entity) may use factor analysis. In the response, Include the following: The link to a sample dataset you've found....

Answered: 1 week ago

Question

★★★★★

Winona Johnson is the president of Johnson Mfg., which manufactures coats. She is trying to decide whether to make 3,000 Type Ill coats or purchase them from a sub contractor to fill a rush special...

Answered: 1 week ago

Question

★★★★★

Crystal wants life insurance that will diversify her financial portfolio and build wealth. She is searching for a policy that uses an investment method that has the potential to grow at a maximum...

Answered: 1 week ago

Question

★★★★★

Mention and explain the job description of Distribution and Exhibition do fast and need correct answer with good explanation

Answered: 1 week ago

Question

★★★★★

3. Assignment Task Question No 1 a) Which is better, an investment that earns 10% compounded quarterly, one that earns 9.95% compounded monthly, or one that earns 9.9% compounded continuously? b) The...

Answered: 1 week ago

Question

★★★★★

Please do a to c a) Figure 3.1 shows the light intensity on a screen behind a single slit. The slit width is 0.20 mm and the screen is 1.5 m behind the slit. What is the wavelength (in nm) of the...

Answered: 1 week ago

Question

★★★★★

On Nov 8 th , the 4 % , 3 0 - year U . S T - bond has quoted ( asked ) price 1 0 2 . 1 2 5 0 , it paid interest 6 2 days ago . What s the actual sale price? ( The bond pays interest every 1 8 2 days....

Answered: 1 week ago

Previous Question Next Question