BC Company declared a 10% share dividend. During declaration, the market price of the entity’s 30,000 outstanding shares was P90 per share. Par value is P20. The share dividend was distributed on July 1 when the market price of the dividend was P100 per share. How much share premium will be recognized?
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BC Company declared a 10% share dividend. During declaration, the market price of the entity’s 30,000 outstanding shares was P90 per share. Par value is P20. The share dividend was distributed on July 1 when the market price of the dividend was P100 per share. How much share premium will be recognized?
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- ABC company declared a 10% share dividend. During declaration, the market price of the entity’s 30,000 outstanding shares was P90 per share. Par value is P20. The share dividend was distributed on July 1 when the market price of the dividend was P100 per share. How much of the share premium will be recognized?On January 5, 2020, Swat Company declared a 15% share dividend. Themarket price of the entity’s 430,000 outstanding shares of P10 par valuewas P14 per share on that date. The share dividend was distributed onMarch 25 when the market price was P16 per share. What amount shouldbe credited to share premium for the share dividend?Alpha company reported the following equity accounts on January 1, 2020. Share capital, P20 par, P8,000,000; Share premium, P2,750,000; Retained earnings, P1,275,000. All shares outstanding on January 1 were issued for P26 a share. On December 31, the entity reacquired 20,000 shares at P24 a share and retired them. What is the balance of the share premium?
- . At the beginning of the current year, Ace Company declared 10% stock dividend. The market price of the entity’s 30,000 outstanding shares of20 par value was P90 per share on that date.The stock dividend was distributed on July 1, when the market price was P100 per share. What amount should be credited to share premium for the stock dividend?Alpha company reported the following equity accounts on January 1, 2020. Tpoint hare capital, P20 par, P8,000,000; Share premium, P2,750,000; Retained earnings. P1,275,000. All shares outstanding on January 1 were issued for P26 a share. On December 31. the entity reacquired 20,000 shares at P24 a share and retired them. What is the balance of the share premium?On July 1, 2010, Bettina Company's board of directors declared a 10% share dividend. The market price of Bettina's 400.000 outstanding ordinary shares, P50 par value, was P80 per share on the date of declaration. The share dividend was distributed on September 1, 2010 when the market price of the shares was P100 per share. What amount should be charged to the Accumulated Profits and Losses account as a result of the share dividend?
- Kremlin Company reported the following shareholders' equity at year-end: Share capital, P30 par value, P3,000,000; Share premium, P600,000; Retained earnings, P4,200,000. A 20% share dividend was declared and distributed at year-end when entity's share was selling at P65. What amount should be reported as share capital outstanding?On July 1, 2021, Soloc Company has 200,000 share of P10 par ordinary share outstanding and the market price of the share is P12 per share. On the same date. Solo declared a 1 for 2 reverse share split. The par of the share was increased from P10 to P20. Immediately before teh split. The par of the share was increased from P10 to P20. Immediately before the split, the total share premium was P900,000. What should be the balance of the share premium account after the reverse share split is effected A.P900.000 B.P1,700.000 C.P1,300,000 D. 0 On July 1, 2021. Battery Company's board of directors declared a 10% share dividend, The market price of Battery's 400,000 outstanding ordinary shares, P50 par value, was P80 per share on the date of declaration. The share dividend was distributed on September 1, 2021, when the market price of the shares was P100 per share on the date of declaration. What amount should be charged to the retained earnings account as a result of the share dividends ?…At the beginning of the current year, Ace Company declared 10% stock dividend. The market price of the entity’s 30,000 outstanding shares of20 par value was P90 per share on that date. The stock dividend was distributed on July 1, when the market price was P100 per share. What amount should be credited to share premium for the stock dividend? a. 210,000 b. 240,000 c. 270,000 d. 300,000
- Ivy Corp declared a share capital dividend entitling its shareholders to one additional share for each share held on June 1, 2021. At the time the dividend was declared, the market value was P100 per share and the par value was P50 per share. On this date, Ivy had 65,000 shares issued and 5,000 shares in the treasury.How much is the amount to be debited to retained earnings on the declaration of dividends?Santol Inc. issued 200,000 shares of P5 par value at P10 per share. On January 1, 2021, the retained earnings amounted to P3,000,000. In March 2021, the entity reacquired 50,000 treasure shares at P20 per share. How much should be credited to Share capital upon issuance?A share holder purchased 1000 shares in SJG co on January 1 at a market value of 2.82 per share. The dividend paid during the period was o.27 per share. What is the total shareholder return?