Question
Wala Company canceled 5,000 shares of P25 par value held in treasury at an average cost of P130 per share. Before cancellation of the
Wala Company canceled 5,000 shares of P25 par value held in treasury at an average cost of P130 per share. Before cancellation of the treasury shares, the entity had the following shareholders' equity Share capital Share premium Retained earnings Treasury shares, at cost What amount should be reported as share capital outstanding after cancelation of treasury shares? 625,000 750,000 900,000 650,000
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
1st edition
1111822360, 978-1337116619, 1337116610, 978-1111822378, 1111822379, 978-1111822361
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