8. If a corporation reissued at P200 per share 100 shares of treasury stock that it had previously acquired for P280 per share and there wasn't any Share Premium- Treasury, it would debit Loss on Sale of Treasury Stock for P8,000. b. Share Premium-Ordinary for P8,000. Retained Earnings for P8,000. d. Treasury Stock for P8,000. а. С. 9. Corpuz, Inc. has issued 200,000' shares of P1 par value ordinary shares at P15. If it repurchases 5,000 shares during 2019 at P20, a. profit would decrease by P25,000. b. profit would decrease by P100,000. c. shareholders' equity would decrease by P25,000. d. shareholders' equity would decrease by P100,000. 0. On Sept. 1, 2019, Modesto Corp.; a newly formed corporation, had the following shares issued and outstanding: Ordinary Shares, no par, P10 stated value, 5,000 shares originally issued at P150 per share. Preference Shares, P10 par value, 1,500 shares originally issued at P250 per share. Modesto's Sept. 1, 2019 statement of shareholders' equity should report Ordinary Shares P50,000 Preference Shares Share Premium P925,000 P700,000 а. P150,000 P375,000 P370,000 P150,000 b. P50,000 P750,000 P750,000 С. d. P225,000

MC Qu. 11-74 Anthem Inc. issues... Anthem Inc. issues 200,000 shares of stock with a par value of $0.11 for $160 per share. Three years later, it repurchases these shares for $90 per share. Anthem records the repurchase in which of the following ways? Multiple Choice Debit Common Stock for $22,000, debit Additional Paid-in Capital for $31,978,000 and credit Cash for $32.00 million. Debit Treasury Stock for $18.00 million and credit Cash for $18.00 million. Debit Common Stock for $22,000, debit Additional Paid-in Capital for $17,978,000 and credit Cash for $18.00 million. Debit Stockholders' Equity for $32.00 million, credit Additional Paid-in Capital for $18.00 million and credit Cash for $18.00 million.

Before Riverbed Ltd. engages in the treasury share transactions listed below, its general ledger reflects, among others, the following account balances (par value is £30 per share). Share Premium-Ordinary Share Capital-Ordinary £91,700 £269,400 Retained Earnings (a) Bought 390 treasury shares at £39 per share. (b) Bought 300 treasury shares at £45 per share. (c) Sold 350 treasury shares at £41 per share. (d) Sold 100 treasury shares at £37 per share. £81,900 Record the treasury share transactions (given below) under the cost method of handling treasury shares; use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)