9. On a statement of financial position, treasury stock is shown as a(n) a. Asset. c. deduction from the ordinary shares account. b. Liability. d. deduction from total shareholders' equity. 10. Mizona Corp. Issued 10,000 shares of its P1 par value ordinary shares for a building. The building has a fair value of P500,000. Mizona's ordinary shares is currently selling for P45 per share. Mizona Corp. Should record the building at a. P10,000 c. P450,000 b. 440,000 d. P500,000 11. On Sept. 1, 2020, Modesto Corp., a newly formed Corporation, had the following shares issued and outstanding: Ordinary Shares, no par, P10 stated value, 5,000 shares originally issued at P150 per share. Preference Shares, P100 par value, 1,500 shares originally issued at P250 per share. Modesto's Sept. 1, 2020 statement of shareholders' equity should report Ordinary Shares a. P50,000 b. P50,000 c. P750,000 d. P750,000 Preference Shares P150,000 P375,000 P370,000 P150,000 Share Premium P925,0000 P700,000 0 P225,000