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What amount should be reported in the notes

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Question - On January 1, 2020, Rama Company had 20,000 treasury shares of P100 par value that had been previously acquired at P120 per share. In December 2020, the entity reissued 15,000 of these treasury shares at P150 per share. The cost method is used to record treasury transactions. - On December 31, 2020, what amount should be reported in the notes to financial statements as a restriction of retained earnings as a result of the treasury share transactions?

Reference no: EM132940315

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