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How will affect the book value per shar

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Problem 1: On October 1, 2019, ABC Corporation shareholders' equity showed: Ordinary Shares, no-par value, 50,000 shares authorized; 30,000 shares issued and outstanding, P1,290,000;; and Retained Earnings P1,200,000. When the board of directors changes the no-par value ordinary shares to P40-par value, how will this affect the book value per share?

a. Decrease the book value per share.
b. Increase the book value per share.
c. Book value per share will remain the same.
d. The book value per share cannot be determined due to limited information.

Reference no: EM132803932

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