10. What is the decrease in shareholders’ equity as a result of the donation? ___________________
11. In its December 31, 2018 statement of financial position, Utah Jazz should report total shareholders’ equity as ______________________
Extracted text: 10. During the current year, Denver Nuggets 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. What is the decrease in shareholders' equity as a result of the donation? 11. The accounts below appear in the December 31, 2018 trial balance of Utah Jazz Corporation: P 5,000,000 Authorized share capital, P 100 par Unissued share capital Property Dividends payable Subscribed share capital Subscription receivable- due 2021 Share premium Retained earnings, unappropriated Retained earnings appropriated Treasury shares, at cost, P 150 per share 2,000,000 800,000 1,000,000 400,000 500,000 600,000 300,000 150,000 In its December 31, 2018 statement of financial position, Utah Jazz should report total shareholders' equity as