entry for each problem. 1. Alpha Corporation’s 10,000 common stock of P100 par value are sold at P150 per share. 2. Bravo Co. sells 20 of the 100 shares of its treasury stock for P130 per share. The cost of each treasury share is P120. 3. Charlie Co. sells 40 of the 200 shares of its treasury stock for P120 per share. The cost of each treasury share is P150. 4. Delta Corporation has 5,000
Prepare the corresponding
1. Alpha Corporation’s 10,000 common stock of P100 par value are sold at P150 per share.
2. Bravo Co. sells 20 of the 100 shares of its
3. Charlie Co. sells 40 of the 200 shares of its treasury stock for P120 per share. The cost of each treasury share is P150.
4. Delta Corporation has 5,000 shares of common stock outstanding when it declares a 50% stock dividend. This means that 2,500 new shares of stock will be issued to existing stockholders. The stock has a par value of P100 per share and the stock has a market value of P150 per share on the declaration date.
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