ACC 291 Final Exam Question Answers
TransWebeTutors Provide ACC 291 UOP New Final Exam Answers Online Homework Help for University of Phoenix Students! A++ Tutorials.
TransWebeTutors Provide ACC 291 UOP New Final Exam Answers Online Homework Help for University of Phoenix Students! A++ Tutorials.
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Legal Expense 14,400<br />
Common Stock 8,000<br />
Paid-in Capital in Excess of Par - Common 6,400<br />
Legal Expense 15,000<br />
Common Stock 15,000<br />
Legal Expense 15,000<br />
Common Stock 8,000<br />
Paid-in Capital in Excess of Par - Common 7,000<br />
Legal Expense 14,400<br />
Common Stock 14,400<br />
Multiple Choice <strong>Question</strong> 110<br />
Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash<br />
at $60 per share. The entry to record the transaction will consist of a debit to<br />
Cash for $3,000,000 and a credit or credits to<br />
Preferred Stock for $2,500,000 and Paid-in Capital in Excess of Par Value—<br />
Preferred Stock for $500,000.<br />
Preferred Stock for $2,500,000 and Retained Earnings for $500,000.<br />
Paid-in Capital from Preferred Stock for $3,000,000.<br />
Preferred Stock for $3,000,000.<br />
Want to check out the complete <strong>Final</strong> <strong>Exam</strong> Paper..?? Visit <strong>ACC</strong> <strong>291</strong> <strong>Final</strong> <strong>Exam</strong><br />
<strong>Question</strong>s <strong>Answers</strong><br />
IFRS Multiple Choice <strong>Question</strong> 01<br />
Jahnke Corporation issued 8,000 shares of €2 par value ordinary shares for €11<br />
per share. The journal entry to record the sale will include<br />
a credit to Share Capital–Ordinary for €88,000.<br />
a debit to Retained Earnings for €72,000.<br />
a debit to Cash for €16,000.<br />
a credit to Share Premium–Ordinary for €72,000.
Change language