Question
When incorporated X Ltd. issued 2,000 common shares to A for $2,000. In year 2, X Ltd. issued1,600 additional common shares to B for $16,000,
When incorporated X Ltd. issued 2,000 common shares to A for $2,000. In year 2, X Ltd. issued1,600 additional common shares to B for $16,000, the market value of the shares at that date. What is the paid-up capital (PUC) of the total3,600 issued common shares at the end of year 2?
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Accounting And Social Theory An Introduction
Authors: Lisa Jack
1st Edition
1138100714, 9781138100718
