Solution-What is the significance of the date of record

What is the significance of the date of record

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Reference no: EM132567294

The following note related to equity was reported in Jinpain International's (CHN) annual report. On February 1, the Board of Directors declared a 2-for-1 share split, distributed on February 25 to shareholders of record on February 10. Accordingly, all numbers of common (ordinary) shares, except unissued shares and treasury shares, and all per share data have been restated to reflect this share split. Instructions

Question a. What is the significance of the date of record and the date of distribution?

Question b. Why might Jinpain have declared a 2-for-1 for share split?

Question c. What impact does Jinpain's share split have on (1) total equity, (2) total par value, (3) outstanding shares, and (4) book value per share? Explain it.

Reference no: EM132567294

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What is the significance of the date of record

Reference no: EM132567294

Reference no: EM132567294

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