A Corporation has 6,000 shares of P100 par value Ordinary Share Capital and reacquires 1,000 shares at P100 as Treasury Shares. What is the balance of the Ordinary Share capital account after the purchase of Treasury Shares?

A Corporation has 6,000 shares of P100 par value Ordinary Share Capital and reacquires 1,000 shares at P100 as Treasury Shares. What is the balance of the Ordinary Share capital account after the purchase of Treasury Shares?

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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