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Find effect on the total additional paid in capital would be

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Problem 1: The shareholders' equity of Oklahoma Thunder Inc., contain the following: Ordinary Share Capital, P 30 par, 25,000 shares; Ordinary Share Premium, P 87,500 and Retained Earnings of P 150,000. At the end of the year, the original issue of Ordinary Share of P 30 par was replaced by P 30 stated value. As a result, the effect on the total Additional Paid In Capital would be

Reference no: EM132942370

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