Question
Pechstein Corporation issued 2,000 shares of $15 par value ordinary shares upon conversion of 1,000 shares of $50 par value preference shares. The preference shares
Pechstein Corporation issued 2,000 shares of $15 par value ordinary shares upon conversion of 1,000 shares of $50 par value preference shares. The preference shares were originally issued at $60 per share. The ordinary shares are trading at $26 per share at the time of conversion. Determine the value of premium of common stock (ordinary) at the date of conversion
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Valuation For Accountants A Short Course Based On IFRS
Authors: Stephen Lynn
1st Edition
9811503567, 9789811503566
