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June 2005 p3 A-level Accounting MCQ

D

dasani

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(10)A company issues 3000 new ordinary shares of $1.00 at a premium of $0.50 to finance the
redemption of 3750 preference shares at a premium of $0.20. The preference shares were
originally issued at a premium of $0.10.

What will be the increase in the share premium account?


help me.
 
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