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Solve the following: 2. East Company issued 1,000 shares with P5 par value to Howe as compensation for 1,000 hours of legal services performed. Howe
Solve the following:
2. East Company issued 1,000 shares with P5 par value to Howe as compensation for 1,000 hours of legal services performed. Howe bills P160 per hour for his legal services. By what amount should the share premium account increase as a result of the transaction
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