Jahnke Corporation Issued 8,000 Shares of €2 Par Value Ordinary

question 205

Multiple Choice

Jahnke Corporation issued 8,000 shares of €2 par value ordinary shares for €11 per share. The journal entry to record the sale will include

• A) a debit to Cash for €16,000.
• B) a credit to Share Premium-Ordinary for €72,000.
• C) a credit to Share Capital-Ordinary for €88,000.
• D) a debit to Retained Earnings for €72,000.

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Definitions:

Expectancy

The belief or anticipation about the likelihood of achieving a desired result or outcome.

Proximal Goals

Short-term, achievable objectives set as steps towards a larger goal, helping to maintain motivation and focus.

Distal Goals

Long-term objectives or aims that are not immediately achievable but are pursued over an extended period.

Learning Goals

Objectives set by an individual or organization aimed at acquiring knowledge or skill through study or experience.