Company C which had just been created a few weeks ago decides to increase its capital by EUR 15.000.000 by the issuance of 15.000 shares with a nominal value of 1.000 each. The contribution is made by a contribution in kind (CIK) which consists into a building. The Value of the building has been estimated at EUR 15.000.000 as stated in the notary deed, the report of the independent auditor and the extraordinary shareholder meeting minutes as of 1 April 2018. Pass the accounting entry following the extraordinary shareholders meeting that the capital increase.
Company C which had just been created a few weeks ago decides to increase its capital by EUR 15.000.000 by the issuance of 15.000 shares with a nominal value of 1.000 each. The contribution is made by a contribution in kind (CIK) which consists into a building. The Value of the building has been estimated at EUR 15.000.000 as stated in the notary deed, the report of the independent auditor and the extraordinary shareholder meeting minutes as of 1 April 2018. Pass the accounting entry following the extraordinary shareholders meeting that the capital increase.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Company C which had just been created a few weeks ago decides to increase its capital by EUR
15.000.000 by the issuance of 15.000 shares with a nominal value of 1.000 each.
The contribution is made by a contribution in kind (CIK) which consists into a building.
The Value of the building has been estimated at EUR 15.000.000 as stated in the notary deed, the report
of the independent auditor and the extraordinary shareholder meeting minutes as of 1 April 2018.
Pass the accounting entry following the extraordinary shareholders meeting that the capital increase.
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