When Andres Company acquired Bonifacio Company's net assets by issuing its own capital stock, it had the following expenditures: Broker's fee - P50,000, Pre-acquisition audit fee - P40,000, Legal fees for merger agreement - 47,000, Audit fee for SEC registration of stock issue - P45,000, Printing of stock certificates - P11,000. Under IFRS-3, the expenditures that should be debited to Share premium account is:

a.P -0-

b.P 57,000

c.P 46,000

d.P137,000

Woman Corporation will issue common shares with a par value P10 for the net assets of Man Company. Woman's common stock has a current market value of P40 per share. Man's statetement of financial position on the date of acquisition follow: Current assets - P320,000, Property and equipment - P880,000, Liabilities - P400,000, Common stock, P5 par - P80,000, Additional paid in capital - P320,000, Retained eamings - P400,000. Man's s current assets are appraised at P400,000 and the property and equipment was also appraised at P 1 ,600,000. Its liabilities are fairly valued. Accordingly, Woman Corporation issued shares of its common stock with a total market value equal to that of Man's net assets including goodwill. To recognize goodwill of P200,000, how many shares were to be issued by Woman?

a.45,000

b.40,000

c.55,000

d.50,000