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Ho Ltd. is federally incorporated under the Canada Business Corporations Act and issues one share for $10 and a second share for $100 and a
Ho Ltd. is federally incorporated under the Canada Business Corporations Act and issues one share for $10 and a second share for $100 and a third share for $1,000. Multiple Choice None of the above are corre tatements The credit to the common shares account will be for $1110 The weighted average number of shares outstanding during the year cannot be computed without knowing the dates of issue Ho would assign the par value to the Share Capital account and the remainder to Contributed Surplus Federally incorporated companies cannot issue shares at different prices
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