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On December 1, P Corporation split its share capital 3 for 2 when the market value was P65 per share. Prior to the split, P had 200,000 shares at P15 par value share capital.
Problem 1: How many shares will be issued by P in exchange for the old shares?
Problem 2: What was the par value per share after the split?
Problem 3: If in the above, P's shares are split 1:4, how many shares will be issued by P in exchange for the old shares?
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direct materials 64900direct labor 17600factory supplies 20000factory supervision 31400research and development
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