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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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
