On 1 January Make More Company Pty Ltd Issued 10

question 4

Multiple Choice

On 1 January Make More Company Pty Ltd issued 10 000 shares for $3 each. Which of the following is the correct entry to record this transaction?

• A) Debit bank $30 000; credit shareholder's equity $30 000
• B) Debit bank $10 000; credit share capital $10 000
• C) Debit bank $30 000; credit share capital $30 000
• D) Debit share capital $10 000; credit bank $10 000

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Definitions:

Physical Event

An occurrence that involves a noticeable change in the state or structure of physical matter.

Lifespan Perspective

A psychological approach that examines development throughout the entire lifespan, from birth to death, acknowledging that growth and change continue at all ages.

Multidimensional

Characterized by or involving several dimensions or aspects, indicating complexity and diversity.

Multidirectional

Pertaining to changes or movements that occur in multiple directions or dimensions.