Homework Answers
Increase in total shareholders equity as a result of sale of
donated shares =
250shares×P25 per share
=P6250
Therefore increase in total shareholders' equity as a result of
sale of donated shares are P6250.
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PROBLEM 2. On July 4, 2017, Romeo Corporation received 300 shares of its own P50 par...
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granting the right to issue 5,200 shares of $100 par value, 8%
cumulative and nonparticipating preferred stock, and 47,700 shares
of $10 par value common stock. It then completed these
transactions.
Jan. 11
Issued 21,200 shares of common stock at $16 per share.
Feb. 1
Issued to Sanchez Corp. 4,200 shares of preferred stock for the
following assets: equipment with a fair value of $54,900; a factory
building with a fair...
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