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Balamban Corporation had the following transactions in 2005 and 2006: - In 2005, it issued additional shares that increased common stock to P15.12 million and APIC to P2.412 million by December 31, 2005. - In 2006, it exercised stock rights, retired treasury stock, declared dividends, and had net income of P900,000. - As of December 31, 2006, Balamban had common stock of P38.34 million, APIC of P8.338 million, retained earnings of P1.008 million, and treasury stock of P85,500.

Author

Mark Michael Legaspi

Language

EN