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How much is considered contributed capital of preference

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Question 1: EE Company issued 5,000 shares of its P5 par value ordinary shares having a market value of P25 per share and 7,500 shares of its P15 par value preference shares having a market value of P20 per share for a total amount of P275,000. Base on the issuances, how much is considered Contributed capital of preference shares?

Reference no: EM132894460

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