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Determine the total amount of paid-in capital

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Question 1 - On December 1, 2022, April Corporation received a donation of 9,000 shares of its P1 par value ordinary shares from a shareholder. On that date, the share's fair value was P35 per share. The share was originally issued for P18 per share. By what amount would this donation cause total shareholders' equity to decrease?

Question 2 - A company issued 60 shares of P100 par value stock for P8000 cash. Determine the total amount of paid-in capital?

Reference no: EM133106848

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