On January 1, 2019, Rama Company issued 3,000 shares of 8%, OMR100 par value, preferred stock for 250,000. The board of directors declared dividends on December 30, 2019 and the dividends paid on 13/12/2019. As a result of this transaction additional paid in capital should be: Select one: a. Credit by OMR50000 O b. Debt by OMR250000 O c. Debt by OMR5000 O d. None of the options

On January 1, 2019, Rama Company issued 3,000 shares of 8%, OMR100 par value, preferred stock for 250,000. The board of directors declared dividends on December 30, 2019 and the dividends paid on 13/12/2019. As a result of this transaction additional paid in capital should be: Select one: a. Credit by OMR50000 O b. Debt by OMR250000 O c. Debt by OMR5000 O d. None of the options

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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SHOW THE JOURNAL ENTRY OF G AND H! SHOW THE JOURNAL ENTRY OF G AND H!
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