FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On December 2, 2022, Andrew Corporation issued for cash 12,000 shares of no-par ordinary shares with a stated value of P13 per share at P17.
On December 17, it issued for cash 800 shades of P110 par, preference shares at P112. What amount will be credited as share premium-
ordinary?
O A P48,000
O B. P156,000
C. P204,000
D. None of the above
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Transcribed Image Text:On December 2, 2022, Andrew Corporation issued for cash 12,000 shares of no-par ordinary shares with a stated value of P13 per share at P17. On December 17, it issued for cash 800 shades of P110 par, preference shares at P112. What amount will be credited as share premium- ordinary? O A P48,000 O B. P156,000 C. P204,000 D. None of the above
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