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Kangaroo Corporation holds 20,000 ordinary shares with 10 par value as treasury shares, which was...

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Accounting

Kangaroo Corporation holds 20,000 ordinary shares with 10 par value as treasury shares, which was purchased in year 2019 at a cost of P 250,800. On December 8, 2021, Kangaroo Corp. sold 10,000 shares for P 150,500. The sale would result in a __________ to Paid-in Capital from Sale of Treasury Shares in the amount of __________:

a. Cr P 25,100

b. Dr P 250,800

c. Dr P 25,100

d. Cr P 100,300

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