question archive Richard Company paid £46,000 to buy 8,000 shares of its £6 par value ordinary shares for distribution in an executive compensation plan
Richard Company paid £46,000 to buy 8,000 shares of its £6 par value ordinary shares for distribution in an executive compensation plan
Subject:BusinessPrice: Bought3
Richard Company paid £46,000 to buy 8,000 shares of its £6 par value ordinary shares for distribution in an executive compensation plan. The stock was originally sold for £50,000. The entry to record purchase includes a Select one: a. debit to Treasury Shares for f46,000. ? b. credit to Share Capital-Ordinary for £48,000 O c. debit to Share Premium-Ordinary for f4,000. O d. credit to Retained Earnings for £6,000.
