Helu Corporation was organized on January 1, 2021, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During 2011, the corporation had the following equity transactions: Jan. 4 Issued 200,000 shares at P5.00 per share. Apr. 8 Issued 100,000 shares at P7.00 per share. June 9 Issued 30,000 shares at P10.00 per share. July 29 Purchased 50,000 shares at P4,00 per share. Dec. 31 Sold 50,000 shares held in treasury at P8.00 per share. 1. What should be the total share premium as of December 31, 2021?
Helu Corporation was organized on January 1, 2021, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During 2011, the corporation had the following equity transactions: Jan. 4 Issued 200,000 shares at P5.00 per share. Apr. 8 Issued 100,000 shares at P7.00 per share. June 9 Issued 30,000 shares at P10.00 per share. July 29 Purchased 50,000 shares at P4,00 per share. Dec. 31 Sold 50,000 shares held in treasury at P8.00 per share. 1. What should be the total share premium as of December 31, 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Helu Corporation was organized on January 1, 2021, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During 2011, the corporation had the following equity transactions:
Jan. 4 Issued 200,000 shares at P5.00 per share.
Apr. 8 Issued 100,000 shares at P7.00 per share.
June 9 Issued 30,000 shares at P10.00 per share.
July 29 Purchased 50,000 shares at P4,00 per share.
Dec. 31 Sold 50,000 shares held in treasury at P8.00 per share.
Jan. 4 Issued 200,000 shares at P5.00 per share.
Apr. 8 Issued 100,000 shares at P7.00 per share.
June 9 Issued 30,000 shares at P10.00 per share.
July 29 Purchased 50,000 shares at P4,00 per share.
Dec. 31 Sold 50,000 shares held in treasury at P8.00 per share.
1. What should be the total share premium as of December 31, 2021?
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