he company issued 2,500, P125 par ordinary shares for an outstanding bank loan ofP350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium* a. ₱0 b. ₱25,000 c. ₱37,500 d. ₱62,500
he company issued 2,500, P125 par ordinary shares for an outstanding bank loan ofP350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium* a. ₱0 b. ₱25,000 c. ₱37,500 d. ₱62,500
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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The company issued 2,500, P125 par ordinary shares for an outstanding bank loan ofP350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium*
a. ₱0
b. ₱25,000
c. ₱37,500
d. ₱62,500
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