Quasi-reorganization effected thru recapitalization includes, except * G O creating enough share premium to absorb the deficit in the corporation O results to a zero balance in the retained earnings account after recapitalization. creating enough revaluation surplus that can absorb the deficit thru revaluation of property, plant and equipment decreasing the par value of the shares which results to the increase the balance of the share premium account.

Quasi-reorganization effected thru recapitalization includes, except * G O creating enough share premium to absorb the deficit in the corporation O results to a zero balance in the retained earnings account after recapitalization. creating enough revaluation surplus that can absorb the deficit thru revaluation of property, plant and equipment decreasing the par value of the shares which results to the increase the balance of the share premium account.

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 10MC: When treasury stock accounted for by the cost method is subsequently sold for more than its purchase...

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