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Question - ABC Corporation's shareholder's equity section as of January 1, 2015 showed:
100,000 Ordinary share capital, of which 90,000 shares were issued, par value is P10 900,000
Retained Earnings 150,000
Required: Journalize the following transactions and compute the new balance of Shareholder's Equity
a. 5,000 shares were reacquired and retired immediately at P12 on July 1, 2015
b. 4.000 shares were reacquired and retires immediately at P8 on December 31, 2015
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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