5. Al Hayan LLC had issued 450,000 equity shares for OMR 1 per share. The company's share premium account showed a balance of OMR 750,000. By capitalizing the share premium account it makes bonus issue as 1 for 5 equity shares. Journalize the information. Dr. Share Premium OMR 90,000 Cr. Share capital OMR 90,000 Dr. Share Premium OMR 450,000 Cr. Share capital OMR 450,000 Dr. Share Premium OMR 750,000 Cr. Share capital OMR 750,000 None of these
5. Al Hayan LLC had issued 450,000 equity shares for OMR 1 per share. The company's share premium account showed a balance of OMR 750,000. By capitalizing the share premium account it makes bonus issue as 1 for 5 equity shares. Journalize the information. Dr. Share Premium OMR 90,000 Cr. Share capital OMR 90,000 Dr. Share Premium OMR 450,000 Cr. Share capital OMR 450,000 Dr. Share Premium OMR 750,000 Cr. Share capital OMR 750,000 None of these
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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