Question
On October 17, ORANGE Company issued 15,000 shares of its 100 par ordinary share in acquiring a land that has a fair value of 1,700,000
On October 17, ORANGE Company issued 15,000 shares of its 100 par ordinary share in acquiring a land that has a fair value of 1,700,000 during that date. The ordinary share is actively selling at 120 per share. On December 31, the land has a fair value of 2,100,000. What is the amount of share premium to be credited on the issuance of shares?*
A) 200,000
B) 500,000
C) 600,000
D) 300,000
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
