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CFAS Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During the year,
CFAS Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During the year, the corporation had the following equity transactions: Jan. 3 Issued 300,000 shares @ P5 per share. March 28 Issued 200,000 shares @ P6.50 per share. May 13 Issued 35,000 shares @ P11.20 per share August 1 Reacquired 50,000 shares @ P3.50 per share. Nov. 20 Sold 30,000 shares held in treasury @ P7 per share. Dec. 31 Sold 10.000 shares held in treasury at P2.00 per share. What should be the total Share Premium as of December 31
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