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How much is the share premium

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Reference no: EM133115370

Question - The related data of Paraguay Company:

The authorized shares are 100,000. The par value is P25.

Received 1st subscription of 30,000 shares at P37.5 per share.

Received 2nd subscription of 20,000 shares at P400 per share.

Received payment for the 1st subscription amounting to P337,500.

Received full payment for the 2nd subscription amounting to P800,000.

Required - How much is the share premium?

Reference no: EM133115370

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