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1. How many shares are outstanding at December 31, 2018?       _____________          2. Using the same information given in above.  After the split, what will be the cost per share of the treasury shares?  _____________

1. How many shares are outstanding at December 31, 2018?       _____________          2. Using the same information given in above.  After the split, what will be the cost per share of the treasury shares?  _____________

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. How many shares are outstanding at December 31, 2018?       _____________         

2. Using the same information given in above.  After the split, what will be the cost per share of the treasury shares?  _____________

8. Houston Rockets Company reported the following in its statement of shareholders equity on January 1, 2018. Ordinary share capital, P 50 par value, 200,000 shares authorized, 100,000 shares issued P 5,000,000 Additional Paid in Capital Retained earnings Treasury shares at cost (5,000 shares) 1,500,000 516,000 400,000 The following events occurred in 2018: May 1 July 9 1,000 treasury shares were sold for P 10,000 10,000 shares of previously unissued ordinary share were sold for P57 per share. Share split 2 for 1 October 1 How many shares are outstanding at December 31, 2018? Using the same information given in above. After the split, what will be the cost per share of the treasury shares? 9.
Transcribed Image Text:8. Houston Rockets Company reported the following in its statement of shareholders equity on January 1, 2018. Ordinary share capital, P 50 par value, 200,000 shares authorized, 100,000 shares issued P 5,000,000 Additional Paid in Capital Retained earnings Treasury shares at cost (5,000 shares) 1,500,000 516,000 400,000 The following events occurred in 2018: May 1 July 9 1,000 treasury shares were sold for P 10,000 10,000 shares of previously unissued ordinary share were sold for P57 per share. Share split 2 for 1 October 1 How many shares are outstanding at December 31, 2018? Using the same information given in above. After the split, what will be the cost per share of the treasury shares? 9.
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