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How much should the ordinary share capital account

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Reference no: EM132771738

Problem 1: On December 1, DOS Corporation issued 1,000 shares of its ?10 par ordinary share capital and 2,000 shares of its ?10 par preference share capital for a lump sum of ? 40,000. At this date, ordinary share is selling for ?18 per share and the preference share for ?13.50 per share. How much should the "Ordinary Share Capital" account be credited?

Reference no: EM132771738

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