7.] DIY Corporation was planning to used its treasury shares and needs your financial advice on these matters: 7.1Treasury shares were acquired by the corporation at P 200.00 per share.. May the corporation sell them at only P 150.00, when the par value of each share is P 100.00? Explain. 7.2 DIY Corporation plans to used its treasury shares to vote in the meetings and received dividends. Can the corporation be allowed to do these actions?

7.] DIY Corporation was planning to used its treasury shares and needs your financial advice on these matters: 7.1Treasury shares were acquired by the corporation at P 200.00 per share.. May the corporation sell them at only P 150.00, when the par value of each share is P 100.00? Explain. 7.2 DIY Corporation plans to used its treasury shares to vote in the meetings and received dividends. Can the corporation be allowed to do these actions?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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