AL the beginning of the current year, CFAS Company declared a 10% share dividend. The market price of the entity's 300.000 outstanding shares of PS0 par value was P111 per share on that date The share dividend was distributed on July 1 when the market price was P100 per share What amount should be credited to share premium for the share dividend?
AL the beginning of the current year, CFAS Company declared a 10% share dividend. The market price of the entity's 300.000 outstanding shares of PS0 par value was P111 per share on that date The share dividend was distributed on July 1 when the market price was P100 per share What amount should be credited to share premium for the share dividend?
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 4SEA: STOCK DIVIDENDS Kaufman Company currently has 200,000 shares of 1 par common stock outstanding. On...
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