Reference no: EM132558034
The following data pertain to GHI Corp.
Ordinary Share Capital, with a par value of P50
20,000 shares issued of which 2,000 are in treasury.... P1,000,000
Ordinary Share Premium........................................... 125,000
Treasury shares at cost........................................ 160,000
Retained Earnings................................................... 1,500,000
The following transactions took place:
June 15 - 500 treasury shares were sold for P50,000
20 - 600 treasury shares were sold for P50 per share
25 - 500 treasury shares were retired.
Required: Answer the following independent case
Question 1. After considering June 15 transaction only the revised total stockholders of GHI Corporation is?
Question 2. After considering June 15, and 20, transaction only the revised total stockholders of GHI Corporation is?
Question 3. After considering all the transactions how much is the amount to be used to record "Appropriation Reserved for Treasury Shares"
Question 4. After considering all the transactions the total stockholders equity is?
Question 5. Considering all the transactions, How much is the legal capital?
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