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Which of the following is correct regarding common shares sold on a subscription basis? A.The entire issuance of common shares sold on a subscription basis
Which of the following is correct regarding common shares sold on a subscription basis?
A.The entire issuance of common shares sold on a subscription basis results in a debit to a receivable and a credit to the common share account.
B.The common share account is credited as cash is received.
C.The common share account is credited when all the cash from the issuance is received.
D.All of the above methods are acceptable.
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