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The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference Shares, 8%, par value Php100, authorized 10,000 shares 8,000 shares issued and outstanding Ordinary Shares, par value Php125, authorized and issued 20,000 shares Additional Paid-in Capital: Premium on Ordinary Shares Paid-in Capital from Sale of Treasury Shares Retained Earnings Appropriated for Treasury Shares Appropriated for Plant Expansion Treasury Shares 2,000 shares at cost (Ordinary Shares) Appraisal Capital Php 800,000 2,500,000 50,000 15,000 700,000 450,000 150,000 150,000 210,000 Required: Prepare the shareholders' equity section of the corporation using two methods presenting treasury shares.

The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference Shares, 8%, par value Php100, authorized 10,000 shares 8,000 shares issued and outstanding Ordinary Shares, par value Php125, authorized and issued 20,000 shares Additional Paid-in Capital: Premium on Ordinary Shares Paid-in Capital from Sale of Treasury Shares Retained Earnings Appropriated for Treasury Shares Appropriated for Plant Expansion Treasury Shares 2,000 shares at cost (Ordinary Shares) Appraisal Capital Php 800,000 2,500,000 50,000 15,000 700,000 450,000 150,000 150,000 210,000 Required: Prepare the shareholders' equity section of the corporation using two methods presenting treasury shares.

Intermediate Accounting: Reporting And Analysis
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 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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Prepare the shareholder's equity section of the corporation using the two methods of presenting treasury shares.

3. The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference Shares, 8%, par value Php100, authorized 10,000 shares 8,000 shares issued and outstanding Php 800,000 Ordinary Shares, par value Php125, authorized and issued 20,000 shares Additional Paid-in Capital: Premium on Ordinary Shares Paid-in Capital from Sale of Treasury Shares Retained Earnings Appropriated for Treasury Shares Appropriated for Plant Expansion Treasury Shares 2,000 shares at cost (Ordinary Shares) Appraisal Capital 2,500,000 50,000 15,000 700,000 450,000 150,000 150,000 210,000 Required: Prepare the shareholders' equity section of the corporation using two methods of presenting treasury shares.
Transcribed Image Text:3. The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference Shares, 8%, par value Php100, authorized 10,000 shares 8,000 shares issued and outstanding Php 800,000 Ordinary Shares, par value Php125, authorized and issued 20,000 shares Additional Paid-in Capital: Premium on Ordinary Shares Paid-in Capital from Sale of Treasury Shares Retained Earnings Appropriated for Treasury Shares Appropriated for Plant Expansion Treasury Shares 2,000 shares at cost (Ordinary Shares) Appraisal Capital 2,500,000 50,000 15,000 700,000 450,000 150,000 150,000 210,000 Required: Prepare the shareholders' equity section of the corporation using two methods of presenting treasury shares.
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