Santol Company retired 50,000 ordinary shares, P5 par value, which it held in the treasury at an average cost of P26 per share on December 31, 2021. The balance in Santol's shareholders' equity accounts before recording the retirement of the treasury shares are: Ordinary share capital 1,080,000 Share premium 1,500,000 Treasury shares (at cost) 1,300,000 Retained earnings 1,800,000 Santol company should reported ordinary shares outstanding in its December 31, 2021 statement of financial position of?

Santol Company retired 50,000 ordinary shares, P5 par value, which it held in the treasury at an average cost of P26 per share on December 31, 2021. The balance in Santol's shareholders' equity accounts before recording the retirement of the treasury shares are: Ordinary share capital 1,080,000 Share premium 1,500,000 Treasury shares (at cost) 1,300,000 Retained earnings 1,800,000 Santol company should reported ordinary shares outstanding in its December 31, 2021 statement of financial position of?

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 23E

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