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How much share premium must be reallocated by pe inc

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Question - In January 1, 2021, Pe Inc. purchased So Corp.'s 61,200 shares for P6,000,000. This represents a 61.2% ownership of Pe over So. The net assets of So Corp. was P8,000,000 in the consolidated balance sheet as of December 31, 2023. After much deliberation. on January 1, 2024. So Corp. issues an additional 20,000 shares to unrelated parties for P2.500.000. How much share premium must be reallocated by Pe Inc. due to the dilution to its ownership interest over So Corp.?

Reference no: EM133150023

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