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ACCA F7 Exam kit

This topic has 2 replies, 3 voices, and was last updated 3 years ago by P2-D2.

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November 20, 2021 at 3:26 am #641103
JayshreeA
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In DUGGAN CO sum from Kaplan Exam Kit, How did share premium of 1800 come?
November 20, 2021 at 9:33 am #641137
leenajahan
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Mention the question number or explain the question here so it will be easy for providing a guidance
November 20, 2021 at 10:07 am #641146
P2-D2
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- Topics: 4
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It comes from the excess of the proceeds received from the share issue above the par value of $1.
We received $2.20 per share, the par value is $1. The excess is therefore $1.20 ($2.20 – $1.00) and this is then multiplied by the 1.5 million shares issued.
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