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Problem 1: Which of the following entities is rank higher than the others according to Philippines' Top 10 Largest Companies by asset value in 2020?
Option 1: Top Frontier Investment HoldingsOption 2: JG Summit HoldingsOption 3: San Miguel CorporationOption 4: Ayala Corporation
Problem 2: BSBA Inc. has issued 100,000 shares of P5 par value ordinary shares at P20. If it repurchases 10,000 shares during 2020 at P30,
Option 1: Shareholders' equity would decrease by P300,000.Option 2: profit would decrease by P100,000.Option 3: profit would decrease by P300,000.Option 4: Shareholders' equity would decrease by P100,000.
When recording this transaction Barbarino should debit: (Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
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