Junior Accounting Qualification (China)
Junior Accounting Title (初级会计职称, China)
Owners EquityEnglish
Exam overviewPractice session
A joint-stock limited company (股份有限公司) issues 10,000,000 ordinary shares with a par value of RMB 1.00 per share at an issue price of RMB 5.00 per share. The company pays stock underwriting commissions and issuance fees of RMB 800,000 directly from the proceeds. What amount should be credited to 'Capital Reserve — Share Premium' (资本公积—股本溢价)?
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