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Question 34 2 pts CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based on the latest tax declaration,

Question 34 2 pts CFAS Corporation issued 5,000 ordinary shares of P100 par value in exchange for a land. Based on the latest tax declaration, the value assigned to the land was P700,000. On the same date, the shares were actively trading in the market at at[P1 P150 per share. The total consideration for the issuance should be valued at: 1

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