shareholders' equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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6. The shareholders' equity of Stormy Co. is as follows:
Shareholders' equity, P100 par
Share premium
Retained earnings
Total shareholders' equity
2,000,000
400,000
600,000
3,000,000
Stormy Co. reduces the par value per share to P80.
Requirement: Prepare the shareholders' equity of Stormy Co. after
the recapitalization.
Transcribed Image Text:6. The shareholders' equity of Stormy Co. is as follows: Shareholders' equity, P100 par Share premium Retained earnings Total shareholders' equity 2,000,000 400,000 600,000 3,000,000 Stormy Co. reduces the par value per share to P80. Requirement: Prepare the shareholders' equity of Stormy Co. after the recapitalization.
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