If Ordinary Shares Are Issued for an Amount Greater Than

question 273

Multiple Choice

If ordinary shares are issued for an amount greater than par value, the excess should be credited to

• A) Cash.
• B) Retained Earnings.
• C) Share Premium-Ordinary.
• D) Legal Capital.

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Definitions:

Metabolic Acidosis

A medical condition characterized by an increase in acidity in the blood and body tissues, often due to kidney failure or excessive acid production.

Intravenous Catheter

A thin tube inserted into a vein, used for the administration of fluids, medications, or to obtain blood samples.

Dominant Arm

The arm that is primarily used for tasks and is typically stronger and more dextrous than the other arm.

Vein Curvature

The bending or deviation from a straight or normal path of a vein within the body.