Khalid Bin Ahammed company issues 600,000 shares worth OMR 1 at a price of OMR 1.200 per share. How much amount of share premium to be recorded in the share capital account? OMR 600,000 None of these OMR 120,000 OMR 720,000
Khalid Bin Ahammed company issues 600,000 shares worth OMR 1 at a price of OMR 1.200 per share. How much amount of share premium to be recorded in the share capital account? OMR 600,000 None of these OMR 120,000 OMR 720,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 11MC: A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional...
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