Reference no: EM133127023
Question - At the start of 2021, QY Company's equity accounts appeared as follows:
Common stock, P15 par value; authorized 200,000 shares; issued and outstanding, 150,000 shares P2,250,000
Paid-in capital in excess of par 300,000
Retained earnings 12,000,000
During the year, QY Company entered into the following transactions
Acquired 100,000 shares of its stock for P1,800,000
Reissued 30,000 treasury shares at P19 per share
Reissued 45,000 treasury shares at 16 per share
Retired the remaining treasury shares
Required - Present the stockholders' equity section of QY Company?
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