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50. On September 1, 2012, Valdez Company reacquired 12,000 shares of its P10 par valus ordinary shares for P 15 per share and sold 10,0000 shares for P20 per share Valdez uses the cost method to account for treasury shares. Compute for the premium on sale of Treasury shares. a. P50,000 b. 100,000 c. 150,000 d. P200,000 Question 50 OD OB OA C