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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
In Munn's Shareholders' equity, how many
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F016c0a14-35fb-4bf5-b4c2-e74045f2eb98%2Ff05b39f6-9776-405a-be77-44d0a961080a%2F5xq0i0q_processed.png&w=3840&q=75)
Transcribed Image Text: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
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