Helu Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During the year, the corporation had the following equity transactions: - Issued 200,000 shares @ P5 per Jan. 4 share. - Issued 100,000 shares @ P7 per April 8 share. June 9 - Issued 30,000 shares @ P10 per share Purchased 50,000 shares @ P4 per July 29 share. Sold 50,000 shares held in treasury @ Dec. 31 P8 per share. What should be the total Share Premium as of December 31? C P450,000 O P400.000 O P500.000 P550,000

Helu Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During the year, the corporation had the following equity transactions: - Issued 200,000 shares @ P5 per Jan. 4 share. - Issued 100,000 shares @ P7 per April 8 share. June 9 - Issued 30,000 shares @ P10 per share Purchased 50,000 shares @ P4 per July 29 share. Sold 50,000 shares held in treasury @ Dec. 31 P8 per share. What should be the total Share Premium as of December 31? C P450,000 O P400.000 O P500.000 P550,000

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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