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Problem 1: On April 17, 2017, The company's Board of Directors declared a 10% stock dividend. The market price pf J's 30,000 outstanding shares of P20 par value ordinary share was P90 per share on that date. The stock dividend was distributed on June 17, 2017, when the stock's market price was P100 per share. What amount should the company credit to share premium for this stock dividend?
A. P210,000
B. P240,000
C. P270,000
D. P300,000
problem below are current year financial statements for two companies in the same industries and direct competitors.
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