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What the share premium account is credited for

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Question 1: On June 26, 2019. Rosada Corp. issues a 30% share dividend on its 200,000 shares of Pio par value ordinary shares. The shares will be issued on July 8, 2019. The market price of Rosada Corp. stock is P15 per share on June 25, and on the date th shares are distributed, the stock is selling for P12 per share. On July 8, 2019. the share premium account is credited for

Select the correct response:

Option 1: Po

Option 2: P600,000

Option 3: P200,000

Option 4: P200,000

Reference no: EM132785646

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