On June 27, 20x1, Webber Co. distributed to its ordinary shareholders 100,000 shares of Whisper, Inc., an unrelated party, held as investment in held for trading securities. The carrying amount of the investment on June 27, 20x1 was P1 per share, while the fair value was P2 per share. On distribution date, the fair value of Whisper's stock was P2.50 per share. In its income statement for the year ended June 30, 20x1, what amount should Webber report as gain relating to the disposal of the stock? Grey Co. has the following shareholders' equity: Share capital, P100 par, 10,000 shares Share premium Retained earnings Total shareholders' equity 1,000,000 200,000 300,000 1,500,000 Grey Co. recalled the 10,000 outstanding shares and replaced them with 20,000 no-par shares with stated value of P5 per share. How much is the share premium after the recapitalization? The stockholders' equity section of Harper Co.'s December 31, 20x1, balance sheet consisted of the following: Ordinary shares, r50 par, 10,000 shares authorized and outstanding P300,000 150,000 (210,000) Share premium Retained earnings (deficit) On January 2, 20x2, Harper put into effect a stockholder-approved quasi-reorganization by reducing the par value of the stock to P5 and eliminating the deficit against share premium. Immediately after the quasi-reorganization, what amount should Harper report as share premium? The Humphrey Corporation had the following classes of shares outstanding as of December 31, 2002: Ordinary shares, P20 par value, 20,000 shares outstanding Preference shares, 6 percent, P100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preference shares for 2000 and 2001. On December 31, 2002, a total cash dividend of P200,000 was declared. What amount of dividends is payable to the ordinary shareholders?