Question
CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based on the latest tax declaration, the value assigned to
CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based on the latest tax declaration, the value assigned to the land was P700,000. On the same date, the shares were actively trading in the market at P150 per share. The total consideration for the issuance should be valued at:
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A Guide To Project Auditing
Authors: Association For Project Management
1st Edition
1903494745, 978-1903494745
