REMINGTON COMPANY ISSUED 10,000 ORDINARY SHARES WITH 200PAR VALUE AND 20,000 PREFERENCES SHARES WITH 200 PAR VALUE FOR A TOTAL CONSIDERATION OF 8,000,000

AT THE DATE OF ISSUE, THE ORDINARY SHARE WAS SELLING FOR 360 AND THE PREFERENCE SHARE WWS SELLING FOR 270.

problem 20-17 (AICPA Adapted) remington Company issued 10.000 ordinary shares with Hoop par value and 20,000 preference shares with P200 per value for a total consideration of PB.090,090 if the date of issue, the ordinary share ass selling for Paco and the preference share was selling for P270. 1. What amount of the proceeds should ha allocated to the preference shares? 6,000,000 b. 6,400,000 C. 4,800,000 d. 4,400,000 2. What amount of the proceeds should be allocated to the ordinary shares? A. 3,600,000 b. 2,000,000 c. 3,200,000 d. 4,000,000 a What is the share premium from the issuance of preference shares? a. 1,800,000 b. 1,000,000 C. 800,000 d. 4. What is the share premium from the issuance of ordinary shares? a. 2,000,000 b. 1,600,000 c. 1,200,000 0 d