Jackie Inc. made the following capital transactions on a domestic share not listed in the exchange January 15 - purchased 25,000 shares at P16 each January 31 - purchased 10,000 shares at P20 each March 1 - sold 20,000 of January 15 shares at P15 each April 25 - sold 8,000 of January 31 shares at P25 each On the return to be filed for the April 25 sale, what amount should be reflected in Item 11?

Jackie Inc. made the following capital transactions on a domestic share not listed in the exchange January 15 - purchased 25,000 shares at P16 each January 31 - purchased 10,000 shares at P20 each March 1 - sold 20,000 of January 15 shares at P15 each April 25 - sold 8,000 of January 31 shares at P25 each On the return to be filed for the April 25 sale, what amount should be reflected in Item 11?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 1MC

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