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During the year, BFAR Corp. completed the following transactions related to its treasury shares: March 17: Re-acquired 2,000 shares at ₱10 per share May 24: Sold 1,000 of the treasury shares at ₱12 per share August 6: Sold 500 of the treasury shares at ₱9 per share September 21: Received 742 donated shares November 30: Sold all the donated shares for ₱14 per share The Share Premium account has no balance at the start of the year. H

During the year, BFAR Corp. completed the following transactions related to its treasury shares: March 17: Re-acquired 2,000 shares at ₱10 per share May 24: Sold 1,000 of the treasury shares at ₱12 per share August 6: Sold 500 of the treasury shares at ₱9 per share September 21: Received 742 donated shares November 30: Sold all the donated shares for ₱14 per share The Share Premium account has no balance at the start of the year. H

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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During the year, BFAR Corp. completed the following transactions related to its treasury shares:

  • March 17: Re-acquired 2,000 shares at ₱10 per share
  • May 24: Sold 1,000 of the treasury shares at ₱12 per share
  • August 6: Sold 500 of the treasury shares at ₱9 per share
  • September 21: Received 742 donated shares
  • November 30: Sold all the donated shares for ₱14 per share

The Share Premium account has no balance at the start of the year. How much is total share premium at year-end? 

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