Paul Corporation started business in 2005 by issuing 200,000 shares of P20 par ordinary shares for P36 each. In 2010, 20,000 of these shares were purchased for P52 per share by Paul Corporation and held as treasury shares. On June 15, 2011, these 20,000 shares were exchanged for a piece of property that had an assessed value of P810,000. Paul’s shares are actively traded and had a fair price of P60 on June 15, 2011. The cost method is used to account for treasury shares. The amount of share premium—treasury resulting from the above events would be Group of answer choices

480,000
390,000
160,000
800,000

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.