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6. Seal Company is experiencing financial difficulty and is negotiating debt restructuring with its creditors to relieve ifs financial stress. Seal has a P2,500,000 note
6. Seal Company is experiencing financial difficulty and is negotiating debt restructuring with its creditors to relieve ifs financial stress. Seal has a P2,500,000 note payable to United Bank. The bank is considering acceptance of an equity interest in Saal Company in the form of 200,000 shares of common stock valued at P12 per share. The par value of the common is PIO per share. How much additional paid in capital should be recognized from the debt restructuring? CS00,000 a h 100,000 AV
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