How much was the increase (decrease) in the total Additional Paid In Capital?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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NEED ASAP. Solve correctly and show your computations.
The Corporation shareholders’ equity section of the
Ordinary Share Capital, P100 par, 5,000 shares issued P500,000
Ordinary Share Premium 50,000
Retained earnings 750,000
Assuming a major shareholder donated 5,000 shares when the market value of the share capital was P140 per share, and was recorded as a debit to Treasury Shares and credit to Donated Capital. How much was the increase (decrease) in the total Additional Paid In Capital? Put a parenthesis if your answer is decrease.
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