The balance of treasury share account as of December 31, 20x7 is

a. P165,000 b. P100,000 c. P120,000 d. P75,000

Transcribed Image Text:

Balance of premium at 31 December 20 Less: Purchase of treasury bond Part financed from security premium) Add: Issue of Share capital Balance at end Sharecapital as on 31 December 20x8 Share premium Treasury Shares Additional paid in Capital- Treasury Stock Retained Earnings Total 100,000 (30,000) 100,000 170,000 3,000,000 170,000 300,000 30,000 700,000 4,200,000 Balance of premium at 31 December 20 Less: Purchase of treasury bond Part financed from security premium) Add: Issue of Share capital Balance at end Sharecapital as on 31 December 20x8 Share premium Treasury Shares Additional paid in Capital- Treasury Stock Retained Earnings Total 100,000 (30,000) 100,000 170,000 3,000,000 170,000 300,000 30,000 700,000 4,200,000

Answer rating: 100% (QA)

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