XYZ Corporation reported the following in its statement of shareholders' equity on January 1 2021 Ordinary share capital, P50 par value, 200,000 shares authorized,100,000 shares Issued-P5,000,000 Additional paid In capital-P1,500,000 Retained earnings P516,000 Treasury shares, at cost (5,000 shares) P400,000 The following events occurred in 2021: May 1-1,000 treasury shares were sold for P10,000 July 9-10,000 shares of previously unissued ordinary share were sold for P57 per share. Oct 1-Share split 2 for 1 How many shares are outstanding on December 31, 2021? Note: No need to put P (peso) sign
XYZ Corporation reported the following in its statement of shareholders' equity on January 1 2021 Ordinary share capital, P50 par value, 200,000 shares authorized,100,000 shares Issued-P5,000,000 Additional paid In capital-P1,500,000 Retained earnings P516,000 Treasury shares, at cost (5,000 shares) P400,000 The following events occurred in 2021: May 1-1,000 treasury shares were sold for P10,000 July 9-10,000 shares of previously unissued ordinary share were sold for P57 per share. Oct 1-Share split 2 for 1 How many shares are outstanding on December 31, 2021? Note: No need to put P (peso) sign
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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XYZ Corporation reported the following in its statement of shareholders' equity on January 1 2021
Ordinary share capital, P50 par value, 200,000 shares authorized,100,000 shares Issued-P5,000,000
Additional paid In capital-P1,500,000
Retained earnings P516,000 Treasury shares, at cost (5,000 shares) P400,000
The following events occurred in 2021:
May 1-1,000 treasury shares were sold for P10,000 July 9-10,000 shares of previously unissued ordinary share were sold for P57 per share.
Oct 1-Share split 2 for 1 How many shares are outstanding on December 31, 2021?
Note: No need to put P (peso) sign
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