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What amount was debited to investment in equity securities

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Question - Malta Company issued right to subscribe to its share capital, the ownership of 4 shares entitling the shareholders to subscribe for 1 share at par, P200. The investor owned 25,000 shares with total cost of P4,200,000. The share rights are accounted for separately. The share is quoted at P250 right-on.

Required - What amount was debited to Investment in equity securities when all the share rights were exercised?

Reference no: EM132832198

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