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What share premium-ordinary account will be credited for

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Problem 1: FF Corp. issues 1,000 P5 par value ordinary shares and 1,000 P20 par value preference shares for a total amount of P64,000. At the issue date, the ordinary shares were selling for P36 and the preference shares were selling for P28. The Share Premium-Ordinary account will be credited for

Reference no: EM132901141

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