How much is charged to ordinary share premium account

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On January 1,2019, ABC Company issued 2,000 ordinary shares with a par value of P 20 for P 25 each. Transactions cost of P 15,000 related to issuance was also incurred.

Problem 1: How much is charged to Ordinary share premium account related to the issuance of the 2,000 ordinary shares?

Reference no: EM132828128

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