Otakou
A little elementary lesson in accounting
If FAS issued 220 million shares for GWR shares one must
Debit an asset
Credit shareholders equity
One must also use the logic of lower of cost or net relaisable value - the auditors obviously deemed the cost aspect to be lower. You see Otakou when you purchase or gain ownership over an asset one must recognise it in the books - there is no such thing as a credit credit entry.
Please log on again so I the Oilbaron can assist you further - do not be embarassed - one knows you are a beginner in such matters
The King
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