FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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140,000 Refer to the following: On December 1, 20x1, Line Corp. received a donation of 2,000 shares of its P5 par value ordinary shares from a shareholder. On that date, the stocks.market value was P35 per share. The stock was originally issued for P25 per share. By what amount would this donation cause total stockholders equity to decrease? 50,000 O 20,000 O 70,000
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Transcribed Image Text:140,000 Refer to the following: On December 1, 20x1, Line Corp. received a donation of 2,000 shares of its P5 par value ordinary shares from a shareholder. On that date, the stocks.market value was P35 per share. The stock was originally issued for P25 per share. By what amount would this donation cause total stockholders equity to decrease? 50,000 O 20,000 O 70,000
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