What amount should be credited to share premium

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Reference no: EM132784840

Problem 1: On January 5, 2020, Squad Company declared a 15% share dividend. The market price of the entity's 430,000 outstanding shares of P10 par value was P14 per share on that date. The share dividend was distributed on March 25 when the market price was P16 per share. What amount should be credited to share premium for the share dividend?

Reference no: EM132784840

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