Solution-What will happen on the treasury cost per share

What will happen on the treasury cost per share

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Reference no: EM132941825

Donut Company reported the following in its statement of shareholders equity on January 1, 2018.

Ordinary share capital, P 50 par value, 200,000 shares authorized,

100,000 shares issued P 5,000,000

Additional Paid in Capital 1,500,000

Retained earnings 516,000

Treasury shares at cost (5,000 shares) 400,000

The following events occurred in 2018:

May 1 1,000 treasury shares were sold for P 10,000

July 9 10,000 shares of previously unissued ordinary share were sold for P57 per share.

Oct 1 Share split 2 for 1

Problem 1: How many shares are outstanding at December 31, 2018?

Problem 2: After the split, what will happen on the treasury cost per share?

Reference no: EM132941825

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What will happen on the treasury cost per share

Reference no: EM132941825

Reference no: EM132941825

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