On January 1, 2019, the statement of financial position of ABC Co. shows the following information: Share capital (authorized 10,000 shares with par value of P100) 800,000 Share premium 160,000 Retained earnings 540,000 Total shareholders’ equity 1,500,000 On July 1, 2019, ABC reacquires 1,000 shares at P90. If ABC will reissue the shares for P140 each, how much will be the increase/decrease in Share premium?
On January 1, 2019, the statement of financial position of ABC Co. shows the following information: Share capital (authorized 10,000 shares with par value of P100) 800,000 Share premium 160,000 Retained earnings 540,000 Total shareholders’ equity 1,500,000 On July 1, 2019, ABC reacquires 1,000 shares at P90. If ABC will reissue the shares for P140 each, how much will be the increase/decrease in Share premium?
On January 1, 2019, the statement of financial position of ABC Co. shows the following information: Share capital (authorized 10,000 shares with par value of P100) 800,000 Share premium 160,000 Retained earnings 540,000 Total shareholders’ equity 1,500,000 On July 1, 2019, ABC reacquires 1,000 shares at P90. If ABC will reissue the shares for P140 each, how much will be the increase/decrease in Share premium?
28. On January 1, 2019, the statement of financial position of ABC Co. shows the following information: Share capital (authorized 10,000 shares with par value of P100) 800,000 Share premium 160,000 Retained earnings 540,000 Total shareholders’ equity 1,500,000
On July 1, 2019, ABC reacquires 1,000 shares at P90.
If ABC will reissue the shares for P140 each, how much will be the increase/decrease in Share premium?
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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