Entity A had 51, 000, P13 PAR, 23% cumulative preference shares outstanding all throughout 2021. Entity a reortea a profit after tax P 1, 250, 000for the year ended December 31, 2021. The movements in the number of shares are as follows: . . . 1/1/2021 Ordinary shrres outstanding 3/1/2021 Share issued for cash 6/30/2021 Subscribed shares 9/30/2021 Reacquisition of treasury shares 255, 000 75,000 30,000 (18 000) 342, 000
Entity A had 51, 000, P13 PAR, 23% cumulative preference shares outstanding all throughout 2021. Entity a reortea a profit after tax P 1, 250, 000for the year ended December 31, 2021. The movements in the number of shares are as follows: . . . 1/1/2021 Ordinary shrres outstanding 3/1/2021 Share issued for cash 6/30/2021 Subscribed shares 9/30/2021 Reacquisition of treasury shares 255, 000 75,000 30,000 (18 000) 342, 000
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 15E
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