What would happen if a person were supported by the life preserver in a wrong position?
A. The waves would move him backwards.
B. The water would choke him.
C. He would immediately sink to the bottom.
D. He would be exhausted or unconscious.
2 Evon, a limited liability company, issued 1,000,000 ordinary shares of 25c each at a price of $1·10 per share, all
received in cash.
What should be the accounting entries to record this issue?