Reference no: EM132939913
Problem 1: Which of the following situations will cause the Share Premium account to increase?
A. Declaration of property dividends where the fair values of the non-cash assets is greater than its carrying amount.
B. Declaration of large share dividends.
C. Declaration of small share dividends.
D. Declaration of share split.
Problem 2: BSBA Corporation was issued certificate of registration on October 19, 2020. On November 9, 2020, Jun subscribed and paid for 1,000 P10-par value ordinary shares for P25,000. Which of the following is correct?
A. Jun is a member of the board, an incorporation and a shareholder.
B. Jun is an incorporator and shareholder.
C. Jun is a shareholder.
D. Jun is a member of the board and a shareholder.
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