NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of NEKO Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?
NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of NEKO Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of NEKO Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?
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