The Appropriate Journal Entry to Recognise the Accounting Treatment for Share

question 8

Multiple Choice

The appropriate journal entry to recognise the accounting treatment for share issue costs is:

• A) DR Deferred asset: CR Cash.
• B) DR Share capital: CR: Cash.
• C) DR Cash: CR Deferred asset.
• D) DR Cash: CR Share capital.

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Definitions:

Ancient

Relating to the very distant past, often specifically before the fall of the Western Roman Empire (AD 476).

Simplified Planar Forms

An artistic style that reduces objects to their basic geometric shapes and flat surfaces, often used in modernist and abstract artworks.

Iberian Sculpture

Sculptural works originating from the Iberian Peninsula, known for their unique style and historical significance.

Picasso

Pablo Picasso, a Spanish painter, sculptor, printmaker, and influential artist of the 20th century, known for co-founding the Cubist movement and for the variety of styles he explored.