Rose the Red Inc. has issued 200,000shares of P1 par value ordinary sharesat P12. If it repurchases 13,000 sharesduring 2019 at P14profit would decrease by P26,000shareholders' equity would decrease byP182,000shareholders' equity would decrease byP26,000O profit would decrease by P156,000

Solution: Contributed capital decrease = 13000*issue price = 13000*12 =156,000 Retained earning…

Answered: Rose the Red Inc. has issued 200,000…

Rose the Red Inc. has issued 200,000 shares of P1 par value ordinary shares at P12. If it repurchases 13,000 shares during 2019 at P14

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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