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What the building will be recorded at

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problem 1: Hope Company issues 15,000 ordinary shares with P5 par value in acquiring the building. The building has a fair value of P500,000 and Hope's ordinary shares are selling for P35 per share. The building will be recorded at

a. P75,000
b. P500,000
c. P525,000
d. P450,000

Reference no: EM132786674

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