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Compute what share premium from issuance of ordinary share

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Reference no: EM132774052

At the beginning of the current year, AC Energy Corporation issued 10,000 ordinary shares of P 20 par value and 20,000 convertible shares of P 20 par value for a total of P 800,000.

At this date, the ordinary share was selling for P 36, and the convertible preference share was selling for P 27.

Problem 1: What is the share premium from the issuance of ordinary shares?

Reference no: EM132774052

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