CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based...
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CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based on the latest tax declaration, the value assigned to the land was P700,000. On the same date, the shares were actively trading in the market at P1 50 per share. The total consideration for the issuance should be valued at: CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based on the latest tax declaration, the value assigned to the land was P700,000. On the same date, the shares were actively trading in the market at P1 50 per share. The total consideration for the issuance should be valued at:
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Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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