Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pwede po pahelp kaunting tanong lang po ito. Need ko lang po ng explantion for further understanding thank you 5/2 | wWW 13. Treasury shares

Pwede po pahelp kaunting tanong lang po ito. Need ko lang po ng explantion for further understanding thank you

image text in transcribed
5/2 | wWW 13. Treasury shares plus outstanding shares equal a. authorized shares. b. unissued shares. c. subscribed shares. d. issued shares. 14. On Feb. 1, 2019 authorized ordinary shares was sold on a subscription basis at a price in excess of par value, and 20% of the subscription price was collected. On May 1, the remaining 80% of the subscription price was collected. Share premium increased on February 1 May 1 a. No Yes b. No No C . Yes No d. Yes Yes 15. The purchase of treasury stock will result in a. a decrease in assets and a decrease in shareholders' equity. b. a decrease in one asset account and an increase in a different asset account. c. a decrease in assets and a decrease in liabilities. d. no net changes in assets, liabilities, or shareholders' equity

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

Step: 3

blur-text-image

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

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

10th edition

1260481956, 1260310175, 978-1260481952

More Books

Students also viewed these Accounting questions