Preference shares may have priority over ordinary shares except in:

Select one: a. cumulative dividend features. b. assets in the event of liquidation. c. dividends d. voting.

ABC Corporation issues 1,000 shares of $10 par value ordinary shares at $13 per share. In recording the transaction, debit are made to:

Select one: a. (d) cash 10,000 b. ordinary Shares $10,000 and share premium 3000 c. cash 13,000 d. ordinary Shares $13,000