Bloosom Corporation has issued 2,000 ordinary shares and 400 preference shares for à luE Required: Prepare the journal entry for the issuance assuming the par value of the ordinary shares was BD 10 and the fair value BD 60, and the p value of the preference shares was BD 80 and the fair value BD 100. (Each valuation is on a per share basis and there are ready markets for each class of shares).

Bloosom Corporation has issued 2,000 ordinary shares and 400 preference shares for à luE Required: Prepare the journal entry for the issuance assuming the par value of the ordinary shares was BD 10 and the fair value BD 60, and the p value of the preference shares was BD 80 and the fair value BD 100. (Each valuation is on a per share basis and there are ready markets for each class of shares).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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