Question
Flag Ltd has received applications for 4 million shares during July 2014. The shares are to be issued at a price of $2.75 per share.
Flag Ltd has received applications for 4 million shares during July 2014. The shares are to be issued at a price of $2.75 per share. The 4 million shares are allotted on 15 August 2014. What are the accounting entries required to record these events?
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
