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  • During The Current Year

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    dagohoy kenneth
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    Line Company received a donation of 2,000 shares with a par value of P50 per share that were originally issued for P250 per share. The donation would decrease shareholders' equity by P200,000, which is the difference between the original issuance price and the par value multiplied by the number of shares donated.

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    during the current year

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    Line Company received a donation of 2,000 shares with a par value of P50 per share that were originally issued for P250 per share. The donation would decrease shareholders' equity by P200,000, which is the difference between the original issuance price and the par value multiplied by the number of shares donated.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views1 page

    During The Current Year

    Uploaded by

    dagohoy kenneth
    Line Company received a donation of 2,000 shares with a par value of P50 per share that were originally issued for P250 per share. The donation would decrease shareholders' equity by P200,000, which is the difference between the original issuance price and the par value multiplied by the number of shares donated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    during the current year, Line Company eceived a donation of 2,000 shares with P50 par value was

    P350. The shares


    were originally issued for P250 per share.

    What is the decrease in shareholders’ equity as a result of the donation?

    700,000
     a
    500,000
     b
    200,000
     c
    0
     d

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