Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Send to Shape Outline Change Shape 0%. Shadow Effects Shadow Effects % Shape Outline Shadow Change Shape Effects Effects 3. What amount should be reported
Send to Shape Outline Change Shape 0%. Shadow Effects Shadow Effects %
Shape Outline Shadow Change Shape Effects Effects 3. What amount should be reported as share capital at year-end? An WAS Organized at Of With Of par valw- During thc Current year, tbc following &ansactious occurred: Send to posttion January Fe&uary I March October 3 31 0 5200.000 sold 30.000 shares at m SO Issued 2,000 shares for lcgal scrviccs with fair value of P2SO,OOO. shares on this date are quoted at P i 40 PCT share. Purchased 5,000 treasury shates at a cost of P 120 per share. PS-000.000 convertible bonds at 120. lxnds arc qtn*cd at 9S the conversion fcaturc. Dcclarcd a 2 for 1 share split when thc market value of thc a.arc was P160. Sold 20,000 shares net income for the year Was 4. What amountshould be recognized as share premium at year-end? 5. What is the total shareholders' equity at year-end? 6. How many shares are outstanding at yearzen
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