If Shares Are Issued for Less Than Par Value, the Account

question 259

Multiple Choice

If shares are issued for less than par value, the account

• A) Share Premium-Ordinary is credited.
• B) Share Premium-Ordinary is debited if a debit balance exists in the account.
• C) Share Premium-Ordinary is debited if a credit balance exists in the account.
• D) Retained Earnings is credited.

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