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How many shares are outstanding after the share split

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Question - Kelly Company had 200,000 shares of P5 par value issued and outstanding as of beginning of the current year. During the year, the entity declared a 1 for 4 shares split to increase the market value of the shares, which was at P50 per share prior to the split.

Required -

Q1. How many shares are outstanding after the share split?

Q2. What is the par value of share after the share split?

Q3. What amount is reported as share capital after the share split?

Reference no: EM133109718

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