Please answer asap! UPVOTE will be given! No long explanation needed. On July 1, 2022, GMA Corp. declared and issued 25% share dividend to its ordinary shareholders. Before the issuance of the said shares, the company had 13,000 shares of ₱17 par value ordinary shares that were both issued and outstanding. The fair market value of each share is ₱20. How much was credited to the Ordinary Share Capital upon issuance of the share dividend?
Please answer asap! UPVOTE will be given! No long explanation needed. On July 1, 2022, GMA Corp. declared and issued 25% share dividend to its ordinary shareholders. Before the issuance of the said shares, the company had 13,000 shares of ₱17 par value ordinary shares that were both issued and outstanding. The fair market value of each share is ₱20. How much was credited to the Ordinary Share Capital upon issuance of the share dividend?
Chapter1: Financial Statements And Business Decisions
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Please answer asap! UPVOTE will be given! No long explanation needed.
On July 1, 2022, GMA Corp. declared and issued 25% share dividend to its ordinary shareholders. Before the issuance of the said shares, the company had 13,000 shares of ₱17 par value ordinary shares that were both issued and outstanding. The fair market value of each share is ₱20. How much was credited to the Ordinary Share Capital upon issuance of the share dividend?
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