How much was the increase (decrease) in the total Additional Paid In Capital?
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 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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Question
NEED ASAP. Solve correctly and show your computations.
The Corporation shareholders’ equity section of the
Ordinary Share Capital, P100 par, 5,000 shares issued P500,000
Ordinary Share Premium 50,000
Assuming a major shareholder donated 5,000 shares when the market value of the share capital was P140 per share, and was recorded as a debit to Treasury Shares and credit to Donated Capital. How much was the increase (decrease) in the total Additional Paid In Capital? Put a parenthesis if your answer is decrease.
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