What is the book value per ordinary share after declaration

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Question - On December 31, 2020, the shareholders' equity of BSA Corporation showed 500,000 shares P5 par value Ordinary shares authorized, 200,000 shares issued, 190,000 shares outstanding; Share Premium-Ordinary P400,000, Retained Earnings P500,000 and Treasury Stock P100,000. No dividends were declared in 2018 and 2019. The entity declared 20% share dividend. What is the book value per ordinary share after declaration of share dividend?

A) P6.67

B) P7.06

C) P7.50

D) P7.89

Reference no: EM133110024

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