8. Late Co. has the following shareholders 1,000,000 Share capital, P100 par, 10,000 shares Share premium Retained earnings Total shareholders' equity 200,000 300,000 1,500,000 Late Co. recalled the 10,000 outstanding shares and replaced them with 20,000 no-par shares with stated value of P5 per share. How much is the share premium after the recapitalization? c. 1,100,000 a. 200,000 b. 1,000,000 d. 0

8. Late Co. has the following shareholders 1,000,000 Share capital, P100 par, 10,000 shares Share premium Retained earnings Total shareholders' equity 200,000 300,000 1,500,000 Late Co. recalled the 10,000 outstanding shares and replaced them with 20,000 no-par shares with stated value of P5 per share. How much is the share premium after the recapitalization? c. 1,100,000 a. 200,000 b. 1,000,000 d. 0

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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J 7 Choose from list of answer choices and show/explain work.
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