On 1 January 2020, the company "A" S.A. had a common share capital of 2,000,000€, differences from the issue of common shares at an premium of 5,000,000€ and reserve funds of 13,000,0000. On 5 January 2020, "A SA" acquired 10,000 own common shares with a nominal value of 10€ instead of 30€ per share. On January 15, "A S.A." sold 1000 shares of those it had purchased instead of 40€ per share. On January 27, the remaining 9,000 shares were sold instead of 35€ per share. Requested: To carry out the necessary calendar entries for the registration of the above transactions,
On 1 January 2020, the company "A" S.A. had a common share capital of 2,000,000€, differences from the issue of common shares at an premium of 5,000,000€ and reserve funds of 13,000,0000. On 5 January 2020, "A SA" acquired 10,000 own common shares with a nominal value of 10€ instead of 30€ per share. On January 15, "A S.A." sold 1000 shares of those it had purchased instead of 40€ per share. On January 27, the remaining 9,000 shares were sold instead of 35€ per share. Requested: To carry out the necessary calendar entries for the registration of the above transactions,
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 1MC
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On 1 January 2020, the company "A" S.A. had a common share capital of 2,000,000€, differences from the issue of common shares at an premium of 5,000,000€ and reserve funds of 13,000,0000. On 5 January 2020, "A SA" acquired 10,000 own common shares with a nominal value of 10€ instead of 30€ per share. On January 15, "A S.A." sold 1000 shares of those it had purchased instead of 40€ per share. On January 27, the remaining 9,000 shares were sold instead of 35€ per share.
Requested: To carry out the necessary calendar entries for the registration of the above transactions,
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