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

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

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

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