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Discuss accounting for ordinary or preference shares

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Reference no: EM131715450

We sold a line of business to an American company! The American company paid the consideration by issuing shares! How do we account for these shares in our (seller) books? Is there any difference between accounting for ordinary or preference shares. Do need to know the difference between ordinary and preference shares but how do we account in our books (seller) for them!

Reference no: EM131715450

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