anterbury Corp. had the following shareholders’ equity at the beginning of 2019: Ordinary Share capital, Php20 par value, authorized 50,000 shares; issued and outstanding 30,000 shares Drdinary Share premium Retained earnings uring the year, the following transactions occurred relating to shareholders’ equity: 2,500 shares were re-acquired as treasury shares at Php28 per share. 500 shares of treasury shares were sold at Php32 per share. 700 shares of treasury shares were sold at Php24 per share. The entity reported a net income of Php120,000 for the current year. 9. What is the balance.of the Treasury-Shares account after-recording all the given transactions? 10. Whrat isthe balance of the Share Premium–Freasury Shares-aceeunt after-recording all the given-transactions. 11. What is the balance of the Retained Earnings - Unappropriated after recording all the given transactions? 12. How many-shares of ordinary-share-capital-are outstanding after recording all the given transactions 600,000 150,000 230,000
anterbury Corp. had the following shareholders’ equity at the beginning of 2019: Ordinary Share capital, Php20 par value, authorized 50,000 shares; issued and outstanding 30,000 shares Drdinary Share premium Retained earnings uring the year, the following transactions occurred relating to shareholders’ equity: 2,500 shares were re-acquired as treasury shares at Php28 per share. 500 shares of treasury shares were sold at Php32 per share. 700 shares of treasury shares were sold at Php24 per share. The entity reported a net income of Php120,000 for the current year. 9. What is the balance.of the Treasury-Shares account after-recording all the given transactions? 10. Whrat isthe balance of the Share Premium–Freasury Shares-aceeunt after-recording all the given-transactions. 11. What is the balance of the Retained Earnings - Unappropriated after recording all the given transactions? 12. How many-shares of ordinary-share-capital-are outstanding after recording all the given transactions 600,000 150,000 230,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 9P
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