Question
ACY Limited issued 8,000 ordinary shares on 14 February 2018 at $9 per share (no par value). On 15 February 2018, an invoice of $3,000
ACY Limited issued 8,000 ordinary shares on 14 February 2018 at $9 per share (no par value). On 15 February 2018, an invoice of $3,000 was received from the companys lawyer, which included a service fee of $200 for the share issuance mentioned above. How much share capital ordinary shall be recognised for the above transaction? Select one
: A. $75,000 B. $71,800 C. $72,000 D. $69,000
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Using Financial Accounting
Authors: Carl S. Warren, Jeff Jones, Amanda Farmer
1st Edition
0357507851, 9780357507858
