If Vickers Company Issues 5,000 Ordinary Shares with a $5

question 269

Multiple Choice

If Vickers Company issues 5,000 ordinary shares with a $5 par value for $175,000,

• A) Share Capital-Ordinary will be credited for $175,000.
• B) Share Premium-Ordinary will be credited for $25,000.
• C) Share Premium-Ordinary will be credited for $150,000.
• D) Cash will be debited for $150,000.

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