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? 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? 0 pls provide the correct solution for the given answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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? 0 pls provide the correct solution for the given answer
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