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On June 5, 2020, subscriptions for 700 shares of common stock, with P20 par value, were issued at P440 per share payable 40% down with

On June 5, 2020, subscriptions for 700 shares of common stock, with P20 par value, were issued at P440 per share payable 40% down with the balance by August 31, 2020.

How much is the credit to share premium at subscription date?

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