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Use the journal entry of George Weston Lid's January 8, 2020, share issuance to answer these questions about the nature of the transaction Ches 2020
Use the journal entry of George Weston Lid's January 8, 2020, share issuance to answer these questions about the nature of the transaction Ches 2020 5.000.000 Common Shares Capital 5.000.000 To issue common shares at 550.00 per share 100.000 x 550.00 1. If George Weston had sold the shares for $80, would the $30 (500-556) be profit for George Weston? 2. Suppose the shares had been issued at different times and different prices will share issued at higher prices have more rights than those sted at low prices? Give there for you Requirement 1. I George Weston had sold the shares for 580 would the $30 (580 - 550) bu profit for George Weston? The additional 530 per share would be allocated to and therefore
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