Question: can i have some help to answer this problem provide explanation for further understanding thank you Use the following facts to answer questions 4-6 On
can i have some help to answer this problem provide explanation for further understanding thank you

Use the following facts to answer questions 4-6 On June 25, 2020, Rosada Corp. issues a 30% share dividend on its 200,000 shares of P10 par value ordinary shares. The shares will be issued on July 8, 2020. The market price of Rosada Corp. stock is P15 per share on June 25, and on the date the shares are distributed, the stock is selling for P12 per share. 574 | Basic Financial Accounting and Reporting 2021 Edition by Prof. WIN Ballada 4. The journal entry to record the declaration of the share dividend on June 25, 2020, will include a a. debit to retained earnings for P600,000 b. debit to retained earnings for P900,000 c. credit to share premium for P300,000 d. credit to share premium for P200,000 5. The journal entry on June 25, 2020, will include a credit to ordinary shares distributable in the amount of a. P200,000 b. P300,000 C. P600,000 d. P900,000 6. On July 8, 2020, the share premium account is credited for a. P300,000 b. P200,000 C. P600,000 d -0- 7. Which of the following dividends will result in a decrease to total shareholders' equity? 1. large share dividend Il. cash dividend I11. small share dividend a. I, Il, and Ill b. Il and Ill c. Il only d. Ill only
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