49. In 2019, Trident Corporation had the following treasury share transactions. By February 28, 2019, it has already recorded Share Premium - Ordinary Treasury Share for P80,000 and Share Premium - Ordinary amounting to P280,000 Reacquired 75,000 ordinary shares & P14 August 8 Sold 40,000 ordinas treasus sharest P16 November 11 Sold 28.000 ordinary treasury hares P12 How much is total Share Premium - Ordinary Treasury Share after the November 11, 2019 transaction? A P384,000 B. P444,000 C. P164.000 D. P104.000 50. The following data were taken from the adjusted trial balance of Happy Corporation as of December 31, 2019 Ordinas Share Capital P50 par value P500.000 Accumulated Profits January 1, 2019 Net Income for the year Treasury Share - Ordinas 500 shares 15.000 Compute for the basic earnings per share at December 31, 2018 A P90 00 BP85.00 C P85 50 D. P81.75 51. Cordia Hearts Corporation started its operations on January 1, 2019 and has the following information on its share capital transactions for the whole year of 2019. Preference Share Capital, P50 par, 30,000 authorized; 10,000 shares issued and outstanding P500,000 Ordinary share Capital, P20 par. 70,000 authorized: 30,000 shares Issued and outstanding 600,000 Share Premium - Preference 145000 Share Premium - Ordinasy 255,000 How much is the average selling price of the preference shares? A P84.50 BP21.50 C P37.50 D. P28.50 52. Refer to PROBLEM 51. How much cash was collected by the Cordial Hearts Corporation during 2019 from its share transactions? A P1,100,000 B. P3,300,000 C. P 400,000 D. P1,500,000