How should the excess of subscription price over the value of ordinary shares subscribed be recorded as additional paid-in capital when the share capital is issued as additional paid-in capital when the subscription is received as additional paid-in capital when the subscription is collected as retained earnings when the subscription is received
How should the excess of subscription price over the value of ordinary shares subscribed be recorded as additional paid-in capital when the share capital is issued as additional paid-in capital when the subscription is received as additional paid-in capital when the subscription is collected as retained earnings when the subscription is received
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How should the excess of subscription price over the value of ordinary shares subscribed be recorded
- as additional paid-in capital when the share capital is issued
- as additional paid-in capital when the subscription is received
- as additional paid-in capital when the subscription is collected
- as
retained earnings when the subscription is received
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