Question 60 2 pts SUUNIC Corp. reacquires the 10,000 of its own shares for P40. The shares have par value of P20 and were originally issued at P25 per share. Subsequently, SUUNIC reissues half of the reacquired shares at P58 per share and then retires the other half. As a result of the transaction As a result of TS retirement, How much is to be debited to Share Premium? Answer pattern: 100,000 Question 56 2 pts BALANAR Co. has the following information relating to its shareholders equity as of January 1, 2014. Share capital, 200,000 authorized, P50 par value, 150,000 shares issued, 10,000 held in treasury P7,500,000 Share premium - ordinary 600,000 Retained earnings 2,000,000 Treasury shares, at cost 550,000 The following events transpired in 2014: In connection with March 31, 2014 transaction of BALANAR Co., which of the following statements is correct? On March 31, 2014. BALANAR reissued 2,000 of its treasury shares for P59 per share. . On June 1, 2014, BALANAR reissued 2,500 of its treasury shares for P50 each On December 1, 2014. BALANAR retired 1,000 ordinary shares for P49 per share. . What is the total amount of share premium of BALANAR as at December 31, 2014? Answer pattern: 100,000