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What the gain to be part of the accumulated profits is

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Problem 1: Sampaguita Corporation is authorized to issued ?1,000,000 share capital divided into 10,000 shares with ?100 par, If 2,000 shares were sold on cash basis at ?150 per share, the gain to be part of the accumulated profits is?

a. ?300,000

b. ?100,000

c .?0.00

d. ?200,000

Reference no: EM132759570

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