CFAS Company showed the following information from its shareholders' equity at year-end before the effect of the transaction below: Ordinary share capital P6.250,000 Share premium 3,125,000 Retained earnings 3,724,000 Treasury shares (at cost) 1,530,000 The ordinary shares were originally issued for P187.50 per share. At the end of the year, CFAS Company retired 5,100 shares held in treasury. The treasury shares had a P125 par value per share and an average cost per share of P300. (Input your answers as figures, do NOT put any comma, peso sign or extra spaces. E.g. if your answer is one thousand, please input 1000): 1. How much is the adjusted ordinary share capital at year end? 2. How much is the adjusted share premium at year end? 3. How much is the adjusted balance of retained earnings at year end?
CFAS Company showed the following information from its shareholders' equity at year-end before the effect of the transaction below: Ordinary share capital P6.250,000 Share premium 3,125,000 Retained earnings 3,724,000 Treasury shares (at cost) 1,530,000 The ordinary shares were originally issued for P187.50 per share. At the end of the year, CFAS Company retired 5,100 shares held in treasury. The treasury shares had a P125 par value per share and an average cost per share of P300. (Input your answers as figures, do NOT put any comma, peso sign or extra spaces. E.g. if your answer is one thousand, please input 1000): 1. How much is the adjusted ordinary share capital at year end? 2. How much is the adjusted share premium at year end? 3. How much is the adjusted balance of retained earnings at year end?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![nts
CFAS Company showed the following information from its shareholders' equity at year-end before the effect
of the transaction below:
Ordinary share capital
P6,250,000
Share premium
3,125,000
Retained earnings
3,724,000
Treasury shares (at cost)
1,530,000
The ordinary shares were originally issued for P187.50 per share. At the end of the year, CFAS Company
retired 5,100 shares held in treasury. The treasury shares had a P125 par value per share and an average cost
per share of P300. (Input your answers as figures, do NOT put any comma, peso sign or extra spaces. E.g. if your
answer is one thousand, please input 1000):
1. How much is the adjusted ordinary share capital at year end?
2. How much is the adjusted share premium at year end?
3. How much is the adjusted balance of retained earnings at year end?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F659d1aea-69af-40d6-be0a-8f5a414945ab%2Feeb1c315-b4a9-442b-96b1-958b38413004%2Ftpeioj9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:nts
CFAS Company showed the following information from its shareholders' equity at year-end before the effect
of the transaction below:
Ordinary share capital
P6,250,000
Share premium
3,125,000
Retained earnings
3,724,000
Treasury shares (at cost)
1,530,000
The ordinary shares were originally issued for P187.50 per share. At the end of the year, CFAS Company
retired 5,100 shares held in treasury. The treasury shares had a P125 par value per share and an average cost
per share of P300. (Input your answers as figures, do NOT put any comma, peso sign or extra spaces. E.g. if your
answer is one thousand, please input 1000):
1. How much is the adjusted ordinary share capital at year end?
2. How much is the adjusted share premium at year end?
3. How much is the adjusted balance of retained earnings at year end?
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