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The following balances are shown in the shareholders' equity of tamarind company on December 31, 2008: Preference share capital, P10 par, 100,000 shares P1,000,000 Ordinary
The following balances are shown in the shareholders' equity of tamarind company on December 31, 2008: Preference share capital, P10 par, 100,000 shares P1,000,000 Ordinary share capital, P10 par, 500,000 shares, 5,000,000 Share premium - preference 50,000 Share premium ordinary 200,000 Retained earnings 100,000 During 2009, the following transactions pertaining to the shareholders' equity were completed: Retirement of 5,000 preference shares at P11 per share. Purchase of 5,000 ordinary shares at P12 per share. Share split, ordinary, 2 for 1. Reissue of 2,000 treasury shares at P8 per share. Prot for 2009, P300,000. The total shareholders' equity on December 31, 2009 is a. P6,556,000 C. P6,350,000 b. P6,551,000 d. P6,251,000
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