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39.An entity issues 1,000 shares with par value of P400 for land with fair value of P320,000, the entry to record the transaction includes a

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39.An entity issues 1,000 shares with par value of P400 for land with fair value of P320,000, the entry to record the transaction includes a a debit to land for P400,000 credit to share capital for P320,000 credit to discount on share capital for P80,000 debit to discount on share capital for ?80,000 0.0691

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