room fixtures. The shareholders' equity as follows: shares P1,250,000 250,000 150,000 000'08 725,000 000'08 during the year: fair market value of P100,000. er share on the ordinary shares. The ecorded when declared on Dec. 30 of the 00. or P95,000. or P240,000. d on ordinary shares, to be capitalized at which is P40 a share. dividend declared on July 1. asury stock for P72,000. rized an increase of the appropriation for widend on ordinary shares. for treasury stock to P72,0000. he income summary account, P169,400. punts to Retained Earnings. or the shareholders' equity accounts. of the statement of financial position as
room fixtures. The shareholders' equity as follows: shares P1,250,000 250,000 150,000 000'08 725,000 000'08 during the year: fair market value of P100,000. er share on the ordinary shares. The ecorded when declared on Dec. 30 of the 00. or P95,000. or P240,000. d on ordinary shares, to be capitalized at which is P40 a share. dividend declared on July 1. asury stock for P72,000. rized an increase of the appropriation for widend on ordinary shares. for treasury stock to P72,0000. he income summary account, P169,400. punts to Retained Earnings. or the shareholders' equity accounts. of the statement of financial position as
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.4APR: Entries for selected corporate transactions Morrow Enterprises Inc. manufactures bathroom fixtures....
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