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grandymaker [24]
4 years ago
11

An analysis of equity of Hahn Corporation as of January 1, 2012, is as follows: Share capital—ordinary, par value P20; authorize

d 100,000 shares; issued and outstanding 90,000 shares P1,800,000 Share premium—ordinary 900,000 Retained earnings 760,000 Total P3,460,000 Hahn uses the cost method of accounting for treasury shares and during 2010 entered into the following transactions: Acquired 2,500 of its shares for P75,000. Sold 2,000 treasury shares at P35 per share. Sold the remaining treasury shares at P20 per share. Assuming no other equity transactions occurred during 2012, what should Hahn report at December 31, 2012, as total share premium?
Business
1 answer:
tangare [24]4 years ago
7 0

Answer:

P905,000

Explanation:

Initial share premium - ordinary = P900,000

Total share premium = P900,000 + (2,000 * P5) - (500 * P10) = P900,000 + P10,000 - P5,000 = P905,000

Therefore, Hahn should report P905,000 as total share premium at December 31, 2012.

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1 year ago
Under the allowance method, when a specific account is written off
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3 years ago
You have 40 years left until retirement and you want to retire with $3,350,000 saved. You plan to deposit 400 dollars into the a
shusha [124]

Answer:

Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

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4 years ago
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6 0
3 years ago
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Alex73 [517]

Answer:

The expected profit is:

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3 0
3 years ago
Read 2 more answers
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