no. of shares issued for this transaction?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Akea Corp., reports this
Cash 75,000
Ordinary Share Capital 63,000
Paid in Capital in Excess of Par 12,000
The explanation reads. “Issued ordinary share capital for P50 per share”.
Compute the no. of shares issued for this transaction?
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