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What would balance in the share premium-treasury account

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Question - TIM Co. was organized on January 2, 2019, with 500,000 authorized shares of P10 par value ordinary shares. During 2019, TIM had the following capital transactions: January 5-issued 375,000 shares at P14 per share. July 27-purchased 25,000 shares at P11 per share. November 25-sold 15,000 shares of treasury shares at P13 per share.

TIM used the cost method to record the purchase of the treasury shares. What would be the balance in the Share Premium-Treasury account at December 31, 2019?

Reference no: EM132940016

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