Cash 140,000 Ordinary Share Capital 130,000 Share Premium - Ordinary 10,000 Issued ordinary shares at P140 per share. 13. What is the par value of the share and how many shares were issued? G. On June 1, Smart Company issued 8,000 shares of its P100 par ordinary share capital to Dix for a tract of land. The shares were actively traded in the stock exchange at P180 per share. On Dix's last property tax bill, the land had an assessed value of P1,000,000. _14. What is the increase in additional paid in capital of Smart as a result of the foregoing issuance of shares? H. Global Company exchanges a piece of equipment for 4,000 shares of International Company's ordinary share capital that has a P100 par value. The equipment cost Global P1,000,000 when purchased five years ago, and currently has a fair value of P560,000. The equipment has a recorded accumulated depreciation of P550,000 in the books of Global. a 15. What is the amount credited to Share Premium - Ordinary as a result of this exchange