Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 45 6 pts CFAS Company showed the following information from its shareholders' equity at year-end before the effect of the transaction below. Ordinary share
Question 45 6 pts CFAS Company showed the following information from its shareholders' equity at year-end before the effect of the transaction below. Ordinary share capital P6,250,000 Share premium 3,125.000 Retained earnings 3,724,000 th Treasury shares (at cost) 1.530.000 The ordinary shares were originally issued for P187.50 per share. At the end of the year CFAS Company retired 5 100 shares held in treasury. The treasury shares had a P125 par value per share and an average cost per share of P300. Input your answers as figures do NOT put any comma, peso sign or extra spaces. E.g. if your answer is one thousand please inpur 1000) 1. How much is the adjusted ordinary share capital at year end? 2. How much is the adjusted share premium at year end? 3. How much is the adjusted balance of retained earnings at year end
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started