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What is the amount credited to share premium- ordinary

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Ara company exchanges a piece of equipment for 2,000 shares of international company ordinary share capital that has a P50 par value. The equipment cost global P300,000 when purchased five years ago, and currently has a fair value of P120,000. The equipment has a recorded accumulated depreciation of P195,000 in the books of Ara

Problem 1: What is the amount credited to Share Premium- Ordinary?

Reference no: EM132796010

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