BananaQ, Inc. has the following stock outstanding on Dec. 31,2020 Ordinary Shares, P100 par, 100,000 shares authorized, 45,000 shares issued and outstanding. Share Premium. P4,500,000 3,600,000 BananaQ purchased 1,000 shares for P195 per share. BananaQ sold 600 of the shares purchased on March 10 for P210 per share. BananaQ sold the 200 shares purchased on March 10 for P190 per share, BananaQ retired the remaining 200 shares. March -10. June-19 October-2, October-15. The balance of Share Premium from treasury shares after retirement of remaining 200 treasury shares is Select the correct response P5,000 P8,000 P9,000 none < Previous

BananaQ, Inc. has the following stock outstanding on Dec. 31,2020 Ordinary Shares, P100 par, 100,000 shares authorized, 45,000 shares issued and outstanding. Share Premium. P4,500,000 3,600,000 BananaQ purchased 1,000 shares for P195 per share. BananaQ sold 600 of the shares purchased on March 10 for P210 per share. BananaQ sold the 200 shares purchased on March 10 for P190 per share, BananaQ retired the remaining 200 shares. March -10. June-19 October-2, October-15. The balance of Share Premium from treasury shares after retirement of remaining 200 treasury shares is Select the correct response P5,000 P8,000 P9,000 none < Previous

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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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

BananaQ, Inc. has the following stock outstanding on Dec. 31,2020:
Ordinary Shares, P100 par, 100,000 shares authorized, 45,000 shares issued and outstanding.
Share Premium.
P4,500,000
3,600,000
March-10,
June-19.
October-2
October-15..
BananaQ purchased 1,000 shares for P195 per share.
BananaQ sold 600 of the shares purchased on March 10 for P210 per share.
BananaQ sold the 200 shares purchased on March 10 for P190 per share.
BananaQ retired the remaining 200 shares.
The balance of Share Premium from treasury shares after retirement of remaining 200 treasury shares is
Select the correct response
P5,000
P8,000
P9,000
none
< Previous

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