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What amount of the proceeds should be credited

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Question 1: BB Company issues 4,000 shares of its P5 par value ordinary shares having a fair value of P25 per share and 6,000 shares of its P15 par value preference shares having a fair value of P20 per share for a total amount of P220,000. What amount of the proceeds should be credited to the preference shares capital account?

Reference no: EM132901151

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