Question
The shareholders' equity section of H Co. on December 31, 2018 showed the following: Ordinary share P50 par, 105,000 shares issued P5,250,000 Share Premium on
The shareholders' equity section of H Co. on December 31, 2018 showed the following:
Ordinary share P50 par, 105,000 shares issued P5,250,000
Share Premium on Ordinary shares 1,010,000
Treasury shares [5,000 shares) 300,000
Accumulated Profits 10,000,000
The company declared 10% share dividends on the ordinary share when the market value per share is P120. How much is the amount credited to Share Premium on Ordinary shares on this transaction?
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Development Of Integrated Reporting In The SME SectorCase Studies From European Countries
Authors: Joanna Dyczkowska, Andrea Szirmai Madarasine, Adriana Tiron-Tudor
1st Edition
3030819027, 9783030819026
