On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 par value ordinary shares from a shareholder. On that date, the share’s market value was 350 per share. The stock was originally issued for P250 per share. By what amount would this donation cause total shareholder’s equity to decrease? Answer = 0 pls provide the correct solution for the given answer
On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 par value ordinary shares from a shareholder. On that date, the share’s market value was 350 per share. The stock was originally issued for P250 per share. By what amount would this donation cause total shareholder’s equity to decrease? Answer = 0 pls provide the correct solution for the given answer
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 13C
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#16
On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 par
value ordinary shares from a shareholder. On that date, the share’s market value was 350
per share. The stock was originally issued for P250 per share. By what amount would this
donation cause total shareholder’s equity to decrease? Answer = 0
pls provide the correct solution for the given answer
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