Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Late 2020, CST Company was registered at the SEC with 100,000 authorized ordinary shares of P 100 par value. The following transactions occurs: A. December

Late 2020, CST Company was registered at the SEC with 100,000 authorized ordinary shares of P 100 par value. The following transactions occurs:

A. December 29, 2020 Issued 40,000 shares at P 105 per share

B. May 14, 2021 Purchased 600 of its ordinary shares at P 110 per share

C. August 9, 2021 400 treasury shares were sold at P 95 per share

D. December 31, 2021 Profit P 830,000, cash dividends paid amounts to P 200,000

What is the total shareholders equity of CST Company on December 31, 2021?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

3rd Edition

0471372668, 978-0471372660

More Books

Students also viewed these Accounting questions

Question

Define validity as it refers to the construction of scales.

Answered: 1 week ago

Question

Describe why intercultural communication is a necessity

Answered: 1 week ago