At December 21, 2020, BFAR Corp. had 20,000 treasury shares that had been reacquired in 2020 at PHP 14 per share. These
Posted: Tue Jul 05, 2022 11:22 am
At December 21, 2020, BFAR Corp. had 20,000 treasury shares thathad been reacquired in 2020 at PHP 14 per share. These shares havea par value of PHP 8 per share. In May 2021, the company re-issued4,000 of these treasury shares at PHP 10 per share.
On December 31, 2021, how much should be the amount ofappropriation of accumulated profits from the above transactions,under the cost method?
On December 31, 2021, how much should be the amount ofappropriation of accumulated profits from the above transactions,under the cost method?