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Jade Company's statement of financial position shows: Share capitalordinary, $20 par Share premium ordinary Retained earnings Total equity $300,000 105,000 75,000 $480,000 Required Record the
Jade Company's statement of financial position shows: Share capitalordinary, $20 par Share premium ordinary Retained earnings Total equity $300,000 105,000 75,000 $480,000 Required Record the following transactions of Jade Company which occurred consecutively under the cost method. (a) Bought 500 of its ordinary shares at $29 a share. (b) Sold 250 treasury shares at $30 a share. (c) Sold 100 treasury shares at $26 a share
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