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Question 5 of 50 The following data pertain to Big Bang Corporation on January 1,2020 Ordinary Share Capital, with a par value value of
Question 5 of 50 The following data pertain to Big Bang Corporation on January 1,2020 Ordinary Share Capital, with a par value value of P50, 18,500 shares issued.. Subscribed Ordinary Share Capital.. P925,000 500,000 10% Preference Share Capital, with a par value of P100, 20,000 shares issued Subscribed Preference Share Capital.. 2,000,000 1,000,000 250,000 675,000 141,000 I 450,000 800,000 Subscription Receivable- Ordinary... Subscription Receivable- Preference... Ordinary Share Premium..... Preference Share Premium..... Donated Share Capital.......... The following transactions occurred during the first half of the year 1. Subscribers to ordinary shares of 3,000 paid in full and corresponding stock certificates were issued 2. All subscribers to preference shares paid their balance and corresponding stock certificates were issued. 3. 2,500 ordinary shares were issued for P55 per share. 4 1,000 ordinary shares were reacquired at P52 per share. 5. 5,000 preference shares were issued in exchange for a piece of land with a fair market value of P880,000. Considering all these transactions, the balance of the Preference Share Premium is Select the correct response: P450,000 P880,000 P830,000 P380,000 < Previous
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