An SAOG issued 10,000 preferred stock with a par value of OMR 1 per share...
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An SAOG issued 10,000 preferred stock with a par value of OMR 1 per share in exchange for legal services received in organizing as a corporation. The attorney previously agreed to a price of OMR 8,000 for these legal services but decided to accept stock in lieu of cash. This transaction: a. Debit organization cost and share premium account and credit share capital account. ob. Debit share capital account and credit organization cost. O c. Debit organization cost and credit share capital account od. Debit organization cost and credit share capital and share premium account
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