Problemthe account belowappeared in the Dec 31, 2014 trial balance of Pure Company Ordinary Shares, P15 par, 20,000 shares Authorized, 18,000 shares issued P270,000 Retained Earnings 200,000 Share Premium-Ordinary 95,000 Share Premium-Treasury 2, 000 Treasury Stock, (1, 000 shares, at cost) 25,000 Required: Number of Shares issued Number of shares in treasury Number of outstanding shares
Problemthe account belowappeared in the Dec 31, 2014 trial balance of Pure Company Ordinary Shares, P15 par, 20,000 shares Authorized, 18,000 shares issued P270,000 Retained Earnings 200,000 Share Premium-Ordinary 95,000 Share Premium-Treasury 2, 000 Treasury Stock, (1, 000 shares, at cost) 25,000 Required: Number of Shares issued Number of shares in treasury Number of outstanding shares
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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