Avenues bought land, buildings and equipment by issuing shares. The estimated fair value of the assets are: land: $1,200,000; buildings, $1,500,000 and equipment $300,000. Avenues issues 200,000 shares fora price of $5 each. The par value of each share is $2. The amount of the Share Premium Is Select one: O a. $1,200,000 O b. $600,000 O c. $800,000 O d. None of the these answers Oe. $900,000

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