If Kiner Company Issues 4,500 Ordinary Shares with a $5

question 15

Multiple Choice

If Kiner Company issues 4,500 ordinary shares with a $5 par value for $80,000, the account

• A) Share Capital-Ordinary will be credited for $22,500.
• B) Share Premium-Ordinary will be credited for $22,500.
• C) Share Premium-Ordinary will be credited for $80,000.
• D) Cash will be debited for $57,500.

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Definitions:

Marketing Mix

A blend of factors that can be controlled by a company to influence consumers to purchase its products. These factors typically include product, price, place, and promotion.

Logistical Services

Services that facilitate the movement, storage, and processing of goods throughout the supply chain, including transportation, warehousing, and customs brokerage.

Customer Service

The help and service offered by a business to individuals who purchase or utilize its products or services.

Logistics Costs

The total expenses incurred in moving goods from their point of origin to the final consumer, including transportation, warehousing, and handling fees.