On June 30, 2021 BANANA 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, BANANA's ordinary and preference shares were selling at P18 and P14 per share, respectively. What is the amount to be credited to Share-premium preference

On June 30, 2021 BANANA 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, BANANA's ordinary and preference shares were selling at P18 and P14 per share, respectively. What is the amount to be credited to Share-premium preference

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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