When subscription is made at a price in excess of the par value of the...
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Accounting
When subscription is made at a price in excess of the par value of the share capital,
a. The share premium is recognized at the date of the subscription.
b. The share premium is recognized at the date of the subscription price only if fully collected.
c. No entry is made, except if a down payment is collected.
d. Share capital account is credited equal to the subscription price.
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