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Question 23 Denver is authorized to issue 150,000 ordinary shares at P 7.50 par value. In its first year of operations, the following transactions were

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Question 23 Denver is authorized to issue 150,000 ordinary shares at P 7.50 par value. In its first year of operations, the following transactions were made: On September 10, 2020, Denver Corporation issued 25,000 shares of ordinary shares at P 12.50 per share. On October 10, the Corporation issued 32,000 ordinary shares at P15.50 per share on October 3, 2020. On December 10, Denver reacquired 250 ordinary shares at P 10.50 per share. Required: Determine the following values as of December 31, 2020: 1. Ordinary Share Capital = 2. Ordinary Share Premium =

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