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The shareholders equity of ANITA Corporation appears as follows: Ordinary Shares, 50,000 shares 100 par 5,000,000 Share Premium 200,000 Retained Earnings 2,000,000 Treasury Shares, 5,000
The shareholders equity of ANITA Corporation appears as follows:
Ordinary Shares, 50,000 shares ₱100 par ₱5,000,000
Share Premium 200,000
Retained Earnings 2,000,000
Treasury Shares, 5,000 were acquired at ₱160/share
If the treasury shares were reissued for ₱600,000, what will be the correct journal entry?
Ordinary Shares, 50,000 shares ₱100 par ₱5,000,000
Share Premium 200,000
Retained Earnings 2,000,000
Treasury Shares, 5,000 were acquired at ₱160/share
If the treasury shares were reissued for ₱600,000, what will be the correct journal entry?
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The correct journal entry to record the reissuance of treasury shares for 600000 would be as follows ...
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Accounting Principles
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
IFRS global edition
1-119-41959-4, 470534796, 9780470534793, 9781119419594 , 978-1119419617
