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What is the share premium from the issuance

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Reference no: EM133185511

Question - At the beginning of the current year, Ria Company issued 10,000 ordinary shares of P35 par value and 20,000 convertible preference shares of P20 par value for a total of P900,000.

At this date, the ordinary share was selling for 40 and the convertible preference share was selling for P30. What is the share premium from the issuance of ordinary shares?

Reference no: EM133185511

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