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Ellison Company's statement of financial position shows: Share capital-ordinary, $20 par Share premium-ordinary Retained earnings $3,000,000 1,050,000 750,000 Instructions Record the following transactions by
Ellison Company's statement of financial position shows: Share capital-ordinary, $20 par Share premium-ordinary Retained earnings $3,000,000 1,050,000 750,000 Instructions Record the following transactions by the cost method. (a) Bought 5,000 ordinary shares at $29 a share. (b) Sold 2,500 treasury shares at $30 a share. (c) Sold 1,000 shares of treasury shares at $26 a share.
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SNo Accounts titles and Explanation Treasury Shares A B ...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
4th Edition
1119607515, 978-1119607519
