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How much is the adjusted share premium at year end

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Reference no: EM133141482

Question - CFAS Company showed the following information from its shareholders' equity at year-end before the effect of the transaction below:

Ordinary share capital P6,250,000

Share premium 3,125,000

Retained earnings 3,724,000

Treasury shares (at cost) 1,530,000

The ordinary shares were originally issued for P187.50 per share. At the end of the year, CFAS Company retired 5,100 shares held in treasury. The treasury shares had a P125 par value per share and an average cost per share of P300.

Required -

1. How much is the adjusted ordinary share capital at year end?

2. How much is the adjusted share premium at year end?

3. How much is the adjusted balance of retained earnings at year end?

Reference no: EM133141482

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