option A

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Listed in the stock market for purchase by any one Select the correct response Foreign corporation Domestic corporation Open corporation O Close corporation Sol Company declared a 10% share dividend. The market value price of the 30,000 outstanding shares of P20 par value was P90 per share on declaration date. When the share dividend was distributed, the share market price was P100. What amount should be credited to share premium for the share dividend? Select the correct response 300,000 210,000 270,000 240,000 ticipating preference shares outstanding Dividends have not been paid for the past two Pure Company had 500,000 ordinary shares of P10 par value outstanding and 50,000 of R100 par, 6% nond years. The entity paid cash dividends of P1,500,000 in the current year What is the dividend per preference share? Select the correct response: 10 5 12 thing 6 The following information appears in the books of G Corporation: Share Capital (par P200, authorized 100,000 shares) P6,000,000 Subscribed share capital 2,000,000 Share premium 1,000,000 2,000,000 Retained earnings Treasury shares (1,000 shares) 550,000 The Board of Directors declared a cash dividend of P10 per share on November 15 to shareholders of record as of December 15, payable on January 10 of the following yea How many shares are entitled to receive dividends? Select the correct response 31,000 mon 30,000 100,000 29,000 Butler Corporation declared and issued an 8% share dividend on December 1 Prior to the declaration, Butler's retained earnings were P735,000, shares outstanding were 62,000, P5 par value, ordinary share with a current market value of P16 per share. As a result of recording this share dividend total shareholders' equity will increase (decrease) by Sheila 1 Point Select the correct response P(79,360) P79,360 PO P24,750 Outstanding shares are Select the correct response. shares in the hands of shareholders o shares held in the corporate treasury shares that have been authorized by the state for issue shares that are performing well on the Philippine Stock Exchange (PSE) If a corporation sells 700 shares of 8 percent, P80 par-value preference share for P96 a share, the entry to record the transaction will include a credit of Select the correct response. to the Preference Share Capital account sie see P5,376 P4,480 P67,200 P56,000