
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January, 2009, the accounts of Mac Corporation showed the following:
Common stock, par P1 100,000 shares P?
Capital in excess of par value (P2 per share) 60,000
During 2009, the following transactions occured affecting
- Issued a 100% stock dividend when the market price was at P5 per share.
- purchased
treasury stock , 1,000 shares at a total cost of P8,000. - Declared and paid cash divedends, P15,000.
- Net income for 2009, P25,000
- The stockholders' equity section of the
balance sheet , should report a total stockholder's equity of: - The stockholders' equity section of the balance sheet, should report a retained earnings of:
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