the beginning of the current year, Riza Company issued 10,000 ordinary shares of P20. Par value and 20,000 convertible preference shares of P20 par value for a total of P800,000.At this date, the ordinary share was selling for P36, and the convertible preference share was selling for P27. What is the share premium from the issuance of preference shares? a. 360,000 b. 200,000 c. 320,000 d. 400,000 What is

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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At the beginning of the current year, Riza Company issued 10,000 ordinary shares of P20. Par value and 20,000 convertible preference shares of P20 par value for a total of P800,000.At this date, the ordinary share was selling for P36, and the convertible preference share was selling for P27.

What is the share premium from the issuance of preference shares?
a. 360,000
b. 200,000
c. 320,000
d. 400,000
What is the share premium from the issuance of preference shares?
a. 180,000
b. 100,00
c. 80,000
d. – 0 –
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