Use the Following Information to Answer Questions 57-58

question 146

Multiple Choice

Use the following information to answer questions 57-58.
Minosh Corp. is authorized to issue 400,000 no par value common shares. Subscribers agree to purchase shares at $ 12 per share with a 30% down payment.
-The journal entry to record the issuance of the shares upon receipt of the final instalment includes a

• A) debit to Common Shares Subscribed for $ 900,000.
• B) credit to Common Shares for $ 670,000.
• C) credit to Common Shares for $ 270,000.
• D) debit to Subscriptions Receivable for $ 670,000.

---

Definitions:

French Canadians

Describes individuals of French descent who are citizens of Canada, primarily residing in the province of Quebec.

Population

The total number of individuals or entities in a specified area or of a particular group being studied or referred to.

Ethnicity

The classification of people based on shared cultural, ancestral, language, or social traits.

Measure

To ascertain the size, amount, or degree of something typically with the use of instruments or tools designed for such purposes.