A company was able to acquire a building, with a market value of RO 8 million, by issuing four million ordinary shares of RO1 each. When accounting for the acquisition of land and the issue of shares,...


A company was able to acquire a building, with a market value of RO 8 million, by issuing<br>four million ordinary shares of RO1 each. When accounting for the acquisition of land and the<br>issue of shares, how much should be credited to the Share Premium account?<br>O a. RO 6 million<br>O b. RO 4 million<br>O c. RO 2 million<br>O d. RO 10 million<br>

Extracted text: A company was able to acquire a building, with a market value of RO 8 million, by issuing four million ordinary shares of RO1 each. When accounting for the acquisition of land and the issue of shares, how much should be credited to the Share Premium account? O a. RO 6 million O b. RO 4 million O c. RO 2 million O d. RO 10 million

Jun 03, 2022
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