On January 5, 20x3, Sunny Company issued for P20 per share 100,000 ordinary shares of with par of P10. Of these 5,000 shares were held as treasury stock on December 31, 20x5. These treasury stocks were reacquired on January 15, 20x5 for P52. During 20x6, transactions were as follows: 1,000 shares of treasury stock were sold for March 2 P50 10,000 shares of the previously unissued July 6 stock were sold for P55 November 18 A 2 for 1 stock split took effect 1. Compute the Share Premium Treasury Stock at the end of 20x6 2. Compute the outstanding shares at the end of 20x6 3. Compute the paid-in capital at the end of 20x6
On January 5, 20x3, Sunny Company issued for P20 per share 100,000 ordinary shares of with par of P10. Of these 5,000 shares were held as treasury stock on December 31, 20x5. These treasury stocks were reacquired on January 15, 20x5 for P52. During 20x6, transactions were as follows: 1,000 shares of treasury stock were sold for March 2 P50 10,000 shares of the previously unissued July 6 stock were sold for P55 November 18 A 2 for 1 stock split took effect 1. Compute the Share Premium Treasury Stock at the end of 20x6 2. Compute the outstanding shares at the end of 20x6 3. Compute the paid-in capital at the end of 20x6
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 14EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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