Business, 15.07.2020 20:01 emzaa

The shareholders equity section of Aquarius Inc. reported the following Ordinary Shares, 50,000 shares outstanding, P100 par P5,000,000.00
Share premium 500,000
Accumulated profits 1,500,000.00

The following subsequent transactions occurred:
a. Aquarius Inc. purchased from the market its own 10,000 shares per share.
b. After transaction (a), 5,000 shares of its treasury shares were P125 per share.

Requirements:
1.Journal entries of the subsequent transactions
2.Compute the total equity section after the above transactions assuming that there are no other transactions affecting the shareholders equity.
3.Compute the outstanding shares after the above transactions.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 17:00

The risk-free rate is 7% and the expected rate of return on the market portfolio is 11%. a. calculate the required rate of return on a security with a beta of 1.92. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. if the security is expected to return 15%, is it overpriced or underpriced?

Answers: 2

Answer

Business, 21.06.2019 21:30

What is the eventual effect on real gdp if the government increases its purchases of goods and services by $80,000? assume the marginal propensity to consume (mpc) is 0.75. $ what is the eventual effect on real gdp if the government, instead of changing its spending, increases transfers by $80,000? assume the mpc has not changed. $ an increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in an identical eventual effect on real gdp. a smaller eventual effect on real gdp. a larger eventual effect on real gdp. no change to real gdp.

Answers: 3

Answer

Business, 22.06.2019 01:30

Claire wants to include animations in her presentation slides. which element of the presentation program’s interface will have the options for animation? claire should use the to include animations in her presentation slides.

Answers: 1

Answer

Business, 22.06.2019 04:40

How long have u been on dis website

Answers: 2

Answer

You know the right answer?

The shareholders equity section of Aquarius Inc. reported the following Ordinary Shares, 50,000 sha...

Questions