62. ABC Company issued 10,000 ordinary shares with P200 par value and 20,000 preference shares with P200 par value for a total consideration of P8,000,000. At the date of issue, the ordinary share was selling for P360 and the preference share was selling for P270. By how much will shareholders equity increase as a result of the transaction?
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Calculate the total value of the ordinary shares issued: 10,000 x P200 = P2,000,000 Show more…
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