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...


MNO Corp. is authorized to issue 20,000 shares of P20 par value ordinary share<br>capital. As of May 15, 2021, it has 5,000 shares of ordinary share capital issued<br>and outstanding. It has Paid-in Capital in Excess of Par of P25,000 and Retained<br>Earnings of P105,400. The Board of Directors declared a 10% share capital<br>dividend on May 15, 2021. A shareholder who owns 300 shares will receive how<br>many shares of share dividends? *<br>300 shares<br>O 2,000 shares<br>30 shares<br>O 500 shares<br>

Extracted text: 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 30 shares O 500 shares

Jun 10, 2022
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