15. ATC Company issued all of its outstanding shares for P150 in 2018. On January 10, 2019, ATC acquired 100,000 treasury shares at P120 per share. ATC reissued 50,000 treasury shares for P7,500,000 on June 30, 2020 and retired the rest on December 31, 2020. ATC’s equity accounts as at December 31, 2019 follow: Share capital, P100 par value P150,000,000 Share premium 75,000,000 Retained earnings 25,000,000 Total P250,000,000 What shall be the balance of share capital account on December 31, 2020?Group of answer choices P150,000,000 P140,000,000 P144,000,000 P145,000,000

15. ATC Company issued all of its outstanding shares for P150 in 2018. On January 10, 2019, ATC acquired 100,000 treasury shares at P120 per share. ATC reissued 50,000 treasury shares for P7,500,000...

15.

ATC Company issued all of its outstanding shares for P150 in 2018. On January 10, 2019, ATC acquired 100,000 treasury shares at P120 per share. ATC reissued 50,000 treasury shares for P7,500,000 on June 30, 2020 and retired the rest on December 31, 2020. ATC’s equity accounts as at December 31, 2019 follow:

Share capital, P100 par value	P150,000,000
Share premium	75,000,000
Retained earnings	25,000,000
Total	P250,000,000

What shall be the balance of share capital account on December 31, 2020?

Group of answer choices

P150,000,000

P140,000,000

P144,000,000

P145,000,000

Jun 10, 2022

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15. ATC Company issued all of its outstanding shares for P150 in 2018. On January 10, 2019, ATC acquired 100,000 treasury shares at P120 per share. ATC reissued 50,000 treasury shares for P7,500,000...

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