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:

Light Intensity

A measure of the amount of light per unit area, affecting photosynthesis in plants and visibility in environments.

Temperate Deciduous Forest

Forest found south of the taiga; characterized by deciduous trees such as oak, beech, and maple, moderate climate, relatively high rainfall, stratified plant growth, and plentiful ground life.

Oak And Maple

Oak and maple are types of trees known for their strong wood and distinct leaves, often found in temperate and cold climates, playing significant roles in ecosystems and providing valuable resources.

Monsoon Climate

A type of climate characterized by an annual cycle of dry and wet seasons, primarily due to significant variations in rainfall.