On October 1, 2022 Ivan Corporation issued 20,000 P10 par ordinary shares and 10,000 P10 par...
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On October 1, 2022 Ivan Corporation issued 20,000 P10 par ordinary shares and 10,000 P10 par preference shares at a lump sum price of P600,000. At this date, Ivan's ordinary shares are selling at P18 while preference shares are selling at P14 in the stock market. a. What is the amount allocated to ordinary shares? b. What is the amount to be recorded as share premium - ordinary On October 1, 2022 Ivan Corporation issued 20,000 P10 par ordinary shares and 10,000 P10 par preference shares at a lump sum price of P600,000. At this date, Ivan's ordinary shares are selling at P18 while preference shares are selling at P14 in the stock market. a. What is the amount allocated to ordinary shares? b. What is the amount to be recorded as share premium - ordinary
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a The number of ordinary shares must be multiplied by the price at which they were issued whic... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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