On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 par value ordinary shares from a shareholder. On that date, the share’s market value was 350 per share. The stock was originally issued for P250 per share. By what amount would this donation cause total shareholder’s equity to decrease? Answer = 0 pls provide the correct solution for the given answer

On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 par value ordinary shares from a shareholder. On that date, the share’s market value was 350 per share. The stock was originally issued for P250 per share. By what amount would this donation cause total shareholder’s equity to decrease? Answer = 0 pls provide the correct solution for the given answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 13C

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On December 1, 2020, Sakura Corporation received a donation of 2,000 shares with P 50 par value from a shareholder. On that date, the share market value was P 350. The shares were originally issued for P 250 per share. By what amount would this donation cause total shareholders’ equity to decrease?
#16On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 parvalue ordinary shares from a shareholder. On that date, the share’s market value was 350per share. The stock was originally issued for P250 per share. By what amount would thisdonation cause total shareholder’s equity to decrease? 0 pls provide the correct solution for the given answer
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