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?
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
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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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