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What the corporation asset is increased by

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Problem 1: QUE Corporation is authorized to issue P1,000,000 capital stock divided into 10,000 shares with P100 par. If 2,000 shares were sold on cash basis at P150 per share, the corporation's asset is increased by

a P400,000. c. P200,000
b. P300,000 d. P100,000

Reference no: EM132915545

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