CFAS Company received a donation of 2,000 shares of its P5 par value ordinary shares from a shareholder. On that date, the share's fair value was P35 per share. The sharewas originallyissued for P25 per share. By what amount would this donation cause total sharcholders' equity to change? (Usc negative sign to indicate a decrease)

CFAS Company received a donation of 2,000 shares of its P5 par value ordinary shares from a shareholder. On that date, the share's fair value was P35 per share. The sharewas originallyissued for P25 per share. By what amount would this donation cause total sharcholders' equity to change? (Usc negative sign to indicate a decrease)

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 1MC

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