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1. How many shares are outstanding at December 31, 2018?       _____________          2. Using the same information given in above.  After the split, what will be the cost per share of the treasury shares?  _____________

1. How many shares are outstanding at December 31, 2018?       _____________          2. Using the same information given in above.  After the split, what will be the cost per share of the treasury shares?  _____________

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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1. How many shares are outstanding at December 31, 2018?       _____________         

2. Using the same information given in above.  After the split, what will be the cost per share of the treasury shares?  _____________

8. Houston Rockets Company reported the following in its statement of shareholders equity on January 1, 2018. Ordinary share capital, P 50 par value, 200,000 shares authorized, 100,000 shares issued P 5,000,000 Additional Paid in Capital Retained earnings Treasury shares at cost (5,000 shares) 1,500,000 516,000 400,000 The following events occurred in 2018: May 1 July 9 1,000 treasury shares were sold for P 10,000 10,000 shares of previously unissued ordinary share were sold for P57 per share. Share split 2 for 1 October 1 How many shares are outstanding at December 31, 2018? Using the same information given in above. After the split, what will be the cost per share of the treasury shares? 9.
Transcribed Image Text:8. Houston Rockets Company reported the following in its statement of shareholders equity on January 1, 2018. Ordinary share capital, P 50 par value, 200,000 shares authorized, 100,000 shares issued P 5,000,000 Additional Paid in Capital Retained earnings Treasury shares at cost (5,000 shares) 1,500,000 516,000 400,000 The following events occurred in 2018: May 1 July 9 1,000 treasury shares were sold for P 10,000 10,000 shares of previously unissued ordinary share were sold for P57 per share. Share split 2 for 1 October 1 How many shares are outstanding at December 31, 2018? Using the same information given in above. After the split, what will be the cost per share of the treasury shares? 9.
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