MNO Corp. is authorized to issue 20,000 shares of P20 par value ordinary share capital. As of May 15, 2021, it has 5,000 shares of ordinary share capital issued and outstanding. It has Paid-in Capital in Excess of Par of P25,000 and Retained Earnings of P105,400. The Board of Directors declared a 10% share capital dividend on May 15, 2021. A shareholder who owns 300 shares will receive how many shares of share dividends?* 300 shares O 2,000 shares O 30 shares O 500 shares

MNO Corp. is authorized to issue 20,000 shares of P20 par value ordinary share capital. As of May 15, 2021, it has 5,000 shares of ordinary share capital issued and outstanding. It has Paid-in Capital in Excess of Par of P25,000 and Retained Earnings of P105,400. The Board of Directors declared a 10% share capital dividend on May 15, 2021. A shareholder who owns 300 shares will receive how many shares of share dividends?* 300 shares O 2,000 shares O 30 shares O 500 shares

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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