Treasury shares, at cost, 600,000 in 2021 Levi Company provided the following information from a comparative statement of financial position at year-end: 2021 2020 Share capital, P5 par Share premium Retained earnings 7,500,000 52,000,000 19,500,000 4,500,000 40,000,000 15,500,000 and 400,000 in 2020 7,000,000 5,000,000

Treasury shares, at cost, 600,000 in 2021 Levi Company provided the following information from a comparative statement of financial position at year-end: 2021 2020 Share capital, P5 par Share premium Retained earnings 7,500,000 52,000,000 19,500,000 4,500,000 40,000,000 15,500,000 and 400,000 in 2020 7,000,000 5,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

100%

Treasury shares, at cost, 600,000 in 2021
Levi Company provided the following information from a
comparative statement of financial position at year-end:
2021
2020
Share capital, P5 par
Share premium
Retained earnings
7,500,000
52,000,000
19,500,000
4,500,000
40,000,000
15,500,000
and 400,000 in 2020
7,000,000
5,000,000

4. What was the average price of additional shares issued
in 2021?
a. 25
b. 20
с. 10
d. 5

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