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62. On December 31, the Treasury Share account of Jumbo Corporation showed a balance of P490,000. These shares were previously reacquired from ordinary shareholders. On
62. On December 31, the Treasury Share account of Jumbo Corporation showed a balance of P490,000. These shares were previously reacquired from ordinary shareholders. On the same date, Ordinary Share Capital showed a balance of P22,050,000 at P75 par value. On the same date, there were 238,000 outstanding ordinary shares. All subscriptions were fully paid and share certificates were issued. How much was the cost per share of treasury shares upon reacquisition? Round off you answer to two dedimal places. 63. During the fiscal year, Apple Corporation had the following share transactions: - Acquired 2,450 ordinary shares to be held as treasury shares for P110,250 - Acquired additional 950 ordinary shares at P42.50 per share to be held as treasury shares - Sold 2,590 treasury shares at P40 per share By how much would total accumulated profits change because of the above transactions? Encode the answer as a negative if it's a decrease. 64. Presented below are the balances taken from the books of Abacus Corporation on January i ni. - April 15: 8,500 treasury shares were re-issued for P80 per share - May 1: Abacus received 500 ordinary shares from Mr. Perez as donation - May 30: 7,000 treasury shares were re-issued at P50 per share - June 5: All donated shares were sold for P50 per share No other treasury share transaction occurred during the year. How much is the balance of Treasury Share account as of December 31, 2021
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