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What amount should be credited to share premium

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Question - At the beginning of the current year, CFAS Company declared a 10% share dividend. The market price of the entity's 300,000 outstanding shares of P50 par value was P112 per share on that date. The share dividend was distributed on July 1 when the market price was P100 per share. What amount should be credited to share premium for the share dividend?

Reference no: EM133179199

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