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What is the balance of the share premium

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Question - Vicar Company was organized at the beginning of current year with 100,000 authorized shares of P105 par value and issued 75,000 shares at P141 per share. During the year, the entity purchased 5,000 shares at P112 per share. The entity used the par value method to record the purchase of the treasury shares.

1) What is the balance of the share premium from the original issuance of shares at year-end?

2) What is the balance of the share premium from treasury shares at year-end?

Reference no: EM133189357

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