FOR ITEMS 36 AND 37 Munn Company's records included the following shareholders' equity accounts: Preference share capital, par value Php15 authorized 200,000 shares 2,550,000.00 Share Premium, Preference Share 150,000.00 Ordinary share capital, par value Php50 authorized 100,000 shares 3,000,000.00 Treasury shares -ordinary capital, Php45 cost 225,000.00

FOR ITEMS 36 AND 37 Munn Company's records included the following shareholders' equity accounts: Preference share capital, par value Php15 authorized 200,000 shares 2,550,000.00 Share Premium, Preference Share 150,000.00 Ordinary share capital, par value Php50 authorized 100,000 shares 3,000,000.00 Treasury shares -ordinary capital, Php45 cost 225,000.00

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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Similar questions

TRUE OR FALSE Outstanding shares are the number of shares sold or conveyed to owners.
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Contrast the features of common stock with those of preferred stock.
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Identify which category of shareholder's equity is affected by the item and briefly explain how it affected. 1. Purchase treasury shares (cost method)
What is a stock split? As an investor, would youlike to see shares you own be split?