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What is the amount of share premium

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Question - On October 17, ORANGE Company issued 15,000 shares of its 100 par ordinary share in acquiring a land that has a fair value of 1,700,000 during that date. The ordinary share is actively selling at 120 per share. On December 31, the land has a fair value of 2,100,000. What is the amount of share premium to be credited on the issuance of shares?

A) 200,000

B) 500,000

C) 600,000

D) 300,000

Reference no: EM132801726

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