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Prepare the entry for the issuance

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Question - Luis SLU issued 1,000 ordinary shares. Instructions Prepare the entry for the issuance under the following assumptions.

(a) The shares had a par value of €5 per share and were issued for a total of €48,000.

(b) The shares had a stated value of €5 per share and were issued for a total of €48,000.

(c) The shares had no par or stated value and were issued for a total of €48,000.

(d) The shares had a par value of €5 per share and were issued to attorneys for services during incorporation valued at €48,000.

(e) The shares had a par value of €5 per share and were issued for land worth €48,000.

Reference no: EM132699021

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