On June 30, 200E, a corporation declared a 10% ordinary stock dividend on its 100,000 ordinary shares issued and outstanding with a par value of P 10 per share. The fair value of the ordinary shares was P 30 per share. The foregoing stock dividend (bonus issue) would Choices; Not affect the total shareholders’ equity. Decrease the total shareholders’ equity by P 100,000. Decrease the total shareholders’ equity by P 200,000 Decrease the total shareholders’ equity by P 300,000
On June 30, 200E, a corporation declared a 10% ordinary stock dividend on its 100,000 ordinary shares issued and outstanding with a par value of P 10 per share. The fair value of the ordinary shares was P 30 per share. The foregoing stock dividend (bonus issue) would Choices; Not affect the total shareholders’ equity. Decrease the total shareholders’ equity by P 100,000. Decrease the total shareholders’ equity by P 200,000 Decrease the total shareholders’ equity by P 300,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 15EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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On June 30, 200E, a corporation declared a 10% ordinary stock dividend on its 100,000 ordinary shares issued and outstanding with a par value of P 10 per share. The fair value of the ordinary shares was P 30 per share. The foregoing stock dividend (bonus issue) would
Choices;
Not affect the total shareholders’ equity.
Decrease the total shareholders’ equity by P 100,000.
Decrease the total shareholders’ equity by P 200,000
Decrease the total shareholders’ equity by P 300,000
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