Question: 28. Yakuza Company issued 2,500 share of P25 par value preference shares with detachable warrants. The security package sells for P105. Each warrant enables the

28. Yakuza Company issued 2,500 share of P25 par value preference shares with detachable warrants. The security package sells for P105. Each warrant enables the holder to purchase two shares of P10 par ordinary share at P30 per share. Immediately following the issuance of the shares, the warrants are selling at P24 each. The market value of the preference share ex-warrant is P96. Subsequently, 80% of the warrants are exercised. What amount shall be recognized as share warrants outstanding upon issuance of the preference share? a. Zero c. 52,500 b. 22,500 d. 60,000 29. Using the information given in no. 28, what amount shall be credited to share premium-preference account upon issuance of

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