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7. Hiro Corp. issues 1,000 5 par value ordinary shares and 1,000 20 par value preference shares for a lump sum of 60,000. At the

7. Hiro Corp. issues 1,000 5 par value ordinary shares and 1,000 20 par value preference shares for a lump sum of 60,000. At the issue date, the ordinary shares were selling for 36 and the preference shares were selling for 28. The Share PremiumOrdinary account will be credited for

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