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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

FINANCIAL ACCOUNTING
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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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 6,287 O 7,609
Transcribed Image Text: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 6,287 O 7,609
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