On June 30, 2021 Jungkook Company issued 1,000 of P10 par ordinary shares and 2,000 of P10 par preference shares for a lump sum price of P45,000.On this date, Jungkook's ordinary and preference shares were selling at P18and P14 per share, respectively. What is the amount to be credited to Share-premium preference * O 7,000 O 7,391 O 6,287 O 7,609

On June 30, 2021 Jungkook Company issued 1,000 of P10 par ordinary shares and 2,000 of P10 par preference shares for a lump sum price of P45,000.On this date, Jungkook's ordinary and preference shares were selling at P18and P14 per share, respectively. What is the amount to be credited to Share-premium preference * O 7,000 O 7,391 O 6,287 O 7,609

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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