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Question 10 LMN Company issue all of its outstanding shares for 360 in 2019. On January 1, 2020, Not yet answered LMN acquired 200,000 shares
Question 10 LMN Company issue all of its outstanding shares for 360 in 2019. On January 1, 2020, Not yet answered LMN acquired 200,000 shares at P330 per share and retired them. LMN Equity accounts Marked out of 2.00 as at December 31, 2019. Flag question Retained Earnings 75,000,000 Share Premium 150,000,000 Share Capital, P300 par value, 2,000,000 shares authorized, 1,800,000 shares issued and outstanding What should be the balance in the share premium account immediately after the retirement of the shares
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