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What would be the balance in share premium-treasury account

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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.

Question 1: 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: EM132894447

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