Question
On December 31, 2025, Pack Company canceled 5,000 shares of P25 par value held in treasury at an average cost of P130 per share. Before
On December 31, 2025, Pack Company canceled 5,000 shares of P25 par value held in treasury at an average cost of P130 per share. Before recording the cancelation of the treasury shares, the entity had the following balances:
Share capital issued originally at P30 per share 825,000
Share premium 750,000
Retained earnings 900,000
Treasury shares, at cost 650,000
- On December 31,2025, what is the share capital outstanding?
- On December 31,2025, what is the share premium balance?
- On December 31,2025, what is the retained earnings balance?
- On December 31,2025, what is the treasury shares balance?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Lawrence Tomassini
5th Edition
0077282078, 9780077282073
