Question: Please help ASAP Question 44-47 are based on the following information: SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and

Please help ASAP Please help ASAP Question 44-47 are based on the following information:

SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for

land and building with total fair value of P12M. The fa value

of land amounted to 8M How much is the amount to be

Question 44-47 are based on the following information: SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fa value of land amounted to 8M How much is the amount to be allocated to the Land? Answer pattern: 1,000,000 SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fair value of land amounted to 8M How much is the amount to be allocated to the Building? Answer pattern: 1,000,000 SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fair value of land amounted to 8M How much is the share premium as a result of this transaction? Answer pattern: 1,000,000 SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fa value of land amounted to 8M How much is the amount to be credited to Share Capital account? Answer pattern: 1,000,000

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