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How much should the ordinary share capital

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Problem 1: On December 1, DOS Corporation issued 1,000 shares of its par ordinary share capital and 2,000 shares of its P10 par preference share capital for a lump sum of? 40,000. At this date, ordinary share is selling for P18 per share and the preference share for P1350 per share. How much should the "Ordinary Share Capital & account be credited?

Reference no: EM132739392

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