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What is the balance in the share premium account

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Question - Kisei Company was organized on January 1,n 2013 with 100,000 shares authorized with P100 par value. On same date, the entity issued 75,000 shares at P140 per share and on December 31, 2013, it purchased 5,000 shares at P110 per share to be held as treasury. The entity used the par value method of recording treasury shares. What is the balance in the share premium account arising from treasury share transaction on December 31, 2013?

Reference no: EM132876236

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