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What is the new par value of the shares of stock

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Question 1 - Kinkaid Corp. has 500,000 shares issued and outstanding, with par value of P100. The board decided to split the shares 5 for 1.

What is the new par value of the shares of stock of kinkaid Corp. after the share split?

Question 2 - The shareholders' equity section of MAHAL Corp. at the end of 20x1 is presented below:

Preference share, P100 par, 50,000 shares authorized, 10,000 issued and outstanding ??

Ordinary shares, stated value of P10, 100,000 shares authorized 600.000

Share premium - Preference 120,000

Share premium - Ordinary 200,000

Retained earnings 1,500,000

1. HOW MUCH IS THE LEGAL CAPITAL?

2. WHAT IS THE ISSUE PRICE OF PREFERENCE SHARE?

3. HOW MUCH IS THE CONTRIBUTED CAPITAL?

Reference no: EM133150639

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