Problem 13 Problem 20-13 (AICPA Adapted)Remington Company insued 10,000 ordinary shares withP200 par value and 20,000 preference shares with P200 parvalue for a total oonsideration of P8,000,000.At the date of issue, the ordinary share was selling for P360and the preference share was selling for P270,1 What amount should be reported ns share premium fromthe issuance of preference shares?a 1800,000b. 1.000,000800,0000.C.2 What amount should be reported as share premium fromthe insuance of ordinary shares?a. 2000,000h 1.00,000C. 1,200,000d.

Issuance of Share Capital: Issuance of share capital means issue of Ordinary Share Capital or issue…

Problem 20-13 (AICPA Adapted) Remington Company iued 10,000 ordinary shares P200 par valoe and 20,000 preference shares with P200 par value fora total oonaideration of PRO00.000 At the date of isur, the ondinary share was selling for P0 and the preference share was selling for Pzto I What amount should be reported s ahare premium from the issuance of preference shares L800,000 1,000.000 e 800,000 d. 2What amount should be reported ashare premium from the insuance of ordinary shares? 2000.000 &1000,000 SL200,000

Problem 20-13 (AICPA Adapted) Remington Company iued 10,000 ordinary shares P200 par valoe and 20,000 preference shares with P200 par value fora total oonaideration of PRO00.000 At the date of isur, the ondinary share was selling for P0 and the preference share was selling for Pzto I What amount should be reported s ahare premium from the issuance of preference shares L800,000 1,000.000 e 800,000 d. 2What amount should be reported ashare premium from the insuance of ordinary shares? 2000.000 &1000,000 SL200,000

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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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Problem 13

Problem 20-13 (AICPA Adapted)
Remington Company insued 10,000 ordinary shares with
P200 par value and 20,000 preference shares with P200 par
value for a total oonsideration of P8,000,000.
At the date of issue, the ordinary share was selling for P360
and the preference share was selling for P270,
1 What amount should be reported ns share premium from
the issuance of preference shares?
a 1800,000
b. 1.000,000
800,000
0.
C.
2 What amount should be reported as share premium from
the insuance of ordinary shares?
a. 2000,000
h 1.00,000
C. 1,200,000
d.

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