How much share premium shall be recognized from the issuance

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Question - CFAS Corporation issued 20,000 ordinary shares of P100 par value in exchange for a parcel of land from a shareholder. The appraised value of the land at the time of the issuance of the shares is P2,500,000. The shares does not have a reliable fair value. How much share premium shall be recognized from the issuance?

Reference no: EM133153265

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