ZY Company's Stockholders' equity is comprised o 1,000 shares of P2 par common stock, P4,000 of additional paid-in capital on common stock and retained earnings of P6,000. If 40% stock dividend is declared when the stock was selling at P5 per share, the amount to be transferred from retained earnings account to share premium treasury stock is:

ZY Company's Stockholders' equity is comprised o 1,000 shares of P2 par common stock, P4,000 of additional paid-in capital on common stock and retained earnings of P6,000. If 40% stock dividend is declared when the stock was selling at P5 per share, the amount to be transferred from retained earnings account to share premium treasury stock is:

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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