Use the journal entry of George Weston Ltd's January 8, 2020, share issuance to answer these questions about the nature of the transaction2020Jan. 8CashCommon Shares CapitalTo issue common shares at $50.00 per share(100.000 x $50 00)5,000,0005.000.0001. If George Weston had sold the shares for $80, would the $30 (580-$50) be profit for George Weston?2. Suppose the shares had been issued at different times and different prices. Will shares issued at higher prices have more nights than those issued at lower prices? Give the reason for your answerRequirement 1. If George Weston had sold the shares for $80, would the $30 ($80-$50) be profit for George Weston?The additional $30 per share would be allocated toIt isand therefore, has!!!Ques

When a company issues shares, it receives cash from investors. The amount of cash received is…

Answered: Requirement 1. If George Weston had…

Requirement 1. If George Weston had sold the shares for $80, would the $30 ($80-550) be profit for George The additional 530 per share would be allocated to It is and Weston? therefore, has

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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