Problem 22-13 (AICPA Adapted) Nerve Company was organized on January 1, 2017. On the date, the…

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Problem 22-13 (AICPA Adapted) Nerve Company was organized on January 1, 2017. On the date, the…

Problem 22-13 (AICPA Adapted) Nerve Company was organized on January 1, 2017. On the date, the entity issued 200,000 P10 par valu antity issued 200,000 P10 par value shares at P18 per share. During the period January 1, 2017, the December 31, 2018, the entity reported net inco P750,000 and paid cash dividends of P380,000. On January 5, 2018, the entity purchased 12,000 treasur shares at P12 per share. On December 31, 2018, 8.000 Problem 21-11 Marindo til balance at you Accouha payable and Account fecundade Allowana doubtul Allow Bendapayable Properts, planten Cash treasury shares were sold at P8 per share and retired the remaining 4,000 shares. What is the shareholders’ equity on December 31, 2018? a. 3,290,000 b. 3,306,000 c. 3,388,000 d. 8,870,000 Problem 22-14 (AICPA Adapted). 11 ming shareholders’ equity Ordinary Dividenda pa Inventory Available for Investment Unrsalinde designate Share prenie In Theme
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