Accounting MCQ
Shareholder's Equity
Olsson Corporation received a check from its underwriters for $72 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $52 per share. Which is the correct entry to record the issue of the stock?
Olsson Corporation received a check from its underwriters for $72 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $52 per share. Which is the correct entry to record the issue of the stock?
Olsson Corporation received a check from its underwriters for $72 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $52 per share. Which is the correct entry to record the issue of the stock?
A. Option a
B. Option b
C. Option c
D. Option d
Answer: D
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