eslie company issued 60,000 shares with a par value of 100 in exchange for a land with fair value of 1,600,000 and a building thereon with a fair value of 5,000,000. What amount of share premium will be credited upon issuance of shares?
eslie company issued 60,000 shares with a par value of 100 in exchange for a land with fair value of 1,600,000 and a building thereon with a fair value of 5,000,000. What amount of share premium will be credited upon issuance of shares?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...
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Leslie company issued 60,000 shares with a par value of 100 in exchange for a land with fair value of 1,600,000 and a building thereon with a fair value of 5,000,000. What amount of share premium will be credited upon issuance of shares?
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