XXX Company had 100,000 of P 15 par value ordinary shares on January 1,2019. During 2019, the following transactions pertaining to its ordinary shares occurred: • Purchased 5,000 shares as treasury at P 30 each. • The ordinary share was split 3-for-1. • Reissued 3,000 treasury shares at P 14 each. What is the total cost of the remaining treasury shares at the end of 2019
XXX Company had 100,000 of P 15 par value ordinary shares on January 1,2019. During 2019, the following transactions pertaining to its ordinary shares occurred: • Purchased 5,000 shares as treasury at P 30 each. • The ordinary share was split 3-for-1. • Reissued 3,000 treasury shares at P 14 each. What is the total cost of the remaining treasury shares at the end of 2019
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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XXX Company had 100,000 of P 15 par value ordinary shares on January 1,2019. During 2019, the following transactions pertaining to its ordinary shares occurred:
• Purchased 5,000 shares as treasury at P 30 each.
• The ordinary share was split 3-for-1.
• Reissued 3,000 treasury shares at P 14 each.
What is the total cost of the remaining treasury shares at the end of 2019?
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