ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 182

13) Swing High Inc. offers its 100 employees to participate in an
employee share-purchase plan. Under the terms of plan, employees
are entitled to purchase 10 shares at 10% discount. The par values of
shares were $10. Overall, 60 employees accepted the offer and each
employee purchased six shares. The market price on purchase date
was $100.
Swing High Inc. will credit Share Premium―Ordinary for:
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