During the year, BFAR Corp. completed the following transactions related to its treasury shares: March 17: Re-acquired 2,000 shares at P10 per share May 24: Sold 1,000 of the treasury shares at P12 per share • August 6: Sold 500 of the treasury shares at P9 per share . ● . September 21: Received 666 donated shares . November 30: Sold all the donated shares for P15 per share The Share Premium account has no balance at the start of the year. How much is total share premium at year-end?

During the year, BFAR Corp. completed the following transactions related to its treasury shares: March 17: Re-acquired 2,000 shares at P10 per share May 24: Sold 1,000 of the treasury shares at P12 per share • August 6: Sold 500 of the treasury shares at P9 per share . ● . September 21: Received 666 donated shares . November 30: Sold all the donated shares for P15 per share The Share Premium account has no balance at the start of the year. How much is total share premium at year-end?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 6MCQ: Ames Corporation repurchases 10,000 shares of its common stock for $12 per share. The shares were...

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