Grow Company declared and distributed a 15% share dividend with fair value of P2,500,000 and par value of P2,000,000 and a 30% share dividend with a fair value of P5,000,000 and par value of P3,500,000. What amount of share premium should be recognized by Grow?

Grow Company declared and distributed a 15% share dividend with fair value of P2,500,000 and par value of P2,000,000 and a 30% share dividend with a fair value of P5,000,000 and par value of P3,500,000. What amount of share premium should be recognized by Grow?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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