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Philippines shareholders' equity accounts prior to treasury shares transactions: Ordinary shares, P10 par P1,200,000 Share premium - issuance 140,000 Retained earnings 720,000 Treasury shares transactions are as follows: Acquired 2,000 shares for P30,000 cost • Sold 1,200 shares at P18 per share Total Share premium after treasury shares transactions:

Philippines shareholders' equity accounts prior to treasury shares transactions: Ordinary shares, P10 par P1,200,000 Share premium - issuance 140,000 Retained earnings 720,000 Treasury shares transactions are as follows: Acquired 2,000 shares for P30,000 cost • Sold 1,200 shares at P18 per share Total Share premium after treasury shares transactions:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Philippines shareholders' equity accounts prior to treasury shares transactions: Ordinary shares, P10 par P1,200,000 Share premium - issuance 140,000 Retained earnings 720,000 Treasury shares transactions are as follows: • Acquired 2,000 shares for P30,000 cost • Sold 1,200 shares at P18 per share Total Share premium after treasury shares transactions:
Transcribed Image Text:Philippines shareholders' equity accounts prior to treasury shares transactions: Ordinary shares, P10 par P1,200,000 Share premium - issuance 140,000 Retained earnings 720,000 Treasury shares transactions are as follows: • Acquired 2,000 shares for P30,000 cost • Sold 1,200 shares at P18 per share Total Share premium after treasury shares transactions:
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