The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference Shares, 8%, par value Php100, authorized 10,000 shares 8,000 shares issued and outstanding Ordinary Shares, par value Php125, authorized and issued 20,000 shares Additional Paid-in Capital: Premium on Ordinary Shares Paid-in Capital from Sale of Treasury Shares Retained Earnings Appropriated for Treasury Shares Appropriated for Plant Expansion Treasury Shares 2,000 shares at cost (Ordinary Shares) Appraisal Capital Php 800,000 2,500,000 50,000 15,000 700,000 450,000 150,000 150,000 210,000 Required: Prepare the shareholders' equity section of the corporation using two methods presenting treasury shares.

The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference Shares, 8%, par value Php100, authorized 10,000 shares 8,000 shares issued and outstanding Ordinary Shares, par value Php125, authorized and issued 20,000 shares Additional Paid-in Capital: Premium on Ordinary Shares Paid-in Capital from Sale of Treasury Shares Retained Earnings Appropriated for Treasury Shares Appropriated for Plant Expansion Treasury Shares 2,000 shares at cost (Ordinary Shares) Appraisal Capital Php 800,000 2,500,000 50,000 15,000 700,000 450,000 150,000 150,000 210,000 Required: Prepare the shareholders' equity section of the corporation using two methods presenting treasury shares.

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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Similar questions

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