Question: Hello please answer the question with complete solution, thank u very much. 2. At the beginning of the current year, Unity Company declared a 10%

Hello please answer the question with complete solution, thank u very much.

2. At the beginning of the current year, Unity Company declared a 10% stock dividend. The market price of the entitys 30,000 outstanding shares of P20 par value was P90 per share on that date. The stock dividend was distributed on July 1, when the market price was P100 per share. What amount should be credited to share premium for the stock dividend?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hello please answer the question with complete solution, thank u very much. 7. At the beginning of the current year, Paintball Company had retained earnings of P4,000,000. During the year, the entity...

Hello please answer the question with complete solution, thank u very much. 4. Winger Company declared a 5% stock dividend on 100,000 issued and outstanding shares of P20 par value, which had a fair...

Hello please answer the question with complete solution, thank u very much. 6. On January 1, 2021, Hawthorne Company had 220,000, P5.00 par value shares outstanding. On June 1, the entity acquired...

Hello please answer the question with complete solution, thank u very much. 3. At the current year-end, Troy Barnes Company issued 4,000 ordinary shares of P100 par value in connection with a stock...

PLEASE DETAIL ALL ANSWERS WITH THE CORRECT EXCEL FORMULA - I NEED THE ANSWERS TO BE AN EXCEL FORMULA FOR THE SOLUTION!! EXAMPLE: =B7/B9 PLEASE PROVIDE THE SOLUTIONS AS EXCEL FORMULA PLEASE PROVIDE...

Zimmer, Inc. has provided its recent financial statements. The Controller has asked you to use this information to compute and interpret financial ratios that managers are going to use to assess...

1 1. Stockholders of a corporation directly elect: Answer a. the president of the corporation. b. the board of directors. c. the treasurer of the corporation. d. all of the employees of the...

Return to question 4 Required information FThe following information applies to the questions displayed below) Part 10 The equity sections for Atticus Group at the beginning of the year (January 1...

Please can you answer this multiple choice question 6 - 17? thank you! 6. Which of the following best describes the par value of common stock? Par value is: a the current market value of the stock....

400 (2021F-ACCT-21 12 Homework Saved Exercise 12.8 (Algo) Cash Dividends, Stock Dividends, and Stock Splits (L012-4) ok HiTech Manufacturing Company has 1,000,000 shares of $1 par value capital stock...

Computer-assisted audit techniques (CAATs) are becoming more popular in recent years. Select two CAATs and explain how they are useful in auditing. Suggest a method that someone with fraudulent...

What is the network of things? Give 3 examples that are not in NIST sp 800-183 is the difference between the network of things and internet of things? What are primitives? Give examples that are not...

Ten years ago the Jacksons bought a house, taking out a 3 0 year mortgage for $ 2 0 0 , 0 0 0 at 6 . 2 5 % . This year ( exactly 1 0 years later ) they refinanced the house, taking out a new 3 0 year...

Suppose a computer uses radix - 3 ( ternary ) logic instead of radix - 2 ( binary ) logic to represent unsigned integers. What is the largest value that can be represented by 6 digits?