BFAR Corp. received a charter authorizing 120,000 ordinary shares at PHP 15 par value per share. During the first year o

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answerhappygod
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BFAR Corp. received a charter authorizing 120,000 ordinary shares at PHP 15 par value per share. During the first year o

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BFAR Corp. received a charter authorizing 120,000 ordinaryshares at PHP 15 par value per share. During the first year ofoperations, 41,000 shares were issued at PHP 25 per share and 600shares were issued at PHP 25 per share and 600 shares were issuedin exchange for equipment with a fair value of PHP 21,600.
How much is the balance of the Share Premiumaccount?
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