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: Jan. 4 - Issued 200,000 shares @ P5 per share. April 8 - Issued 100,000 shares @ P7 per share. June 9 - Issued 30,000 shares @ P10 per share July 29 - Purchased 50,000 shares @ P4 per share. Dec. 31 - Sold 50,000 shares held in treasury @ P8 per share. What should be the total Share Premium as of December 31? a. P550,000 b. P500,000 c. P450,000 d. P400,000

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...

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:

Jan. 4	- Issued 200,000 shares @ P5 per share.
April 8	- Issued 100,000 shares @ P7 per share.
June 9	- Issued 30,000 shares @ P10 per share
July 29	- Purchased 50,000 shares @ P4 per share.
Dec. 31	- Sold 50,000 shares held in treasury @ P8 per share.

What should be the total Share Premium as of December 31?

a. P550,000

b. P500,000

c. P450,000

d. P400,000

Jun 10, 2022