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Enan Company was organized at the beginning of current year with 150,000 authorized shares of P100 par value and issued 110,000 shares of P150 per
Enan Company was organized at the beginning of current year with 150,000 authorized shares of P100 par value and issued 110,000 shares of P150 per share. During the year, the entity purchased 23,000 shares of P125 per share. The entity used the par value method to record the purchas of the treasury shares. 55-56 What is the balance of the share premium from the original issuance of shares at year-end? Blank 1 57-58 What is the balance of the share premium from treasury shares at year-end? Blank 2
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