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What amount would the donation cause shareholder equity

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Reference no: EM132946077

Problem 1: On December 1, 2019, Bobcat Corporation received a donation of 2,000 shares with P 50 par value from a shareholder. On that date, the share market value was P 350. The shares were originally issued for P 250 per share. By what amount would this donation cause shareholder's equity to decrease?

a. P700,000
b. P500,000
c. P200,000
d. P0

Reference no: EM132946077

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