Solution-What percentage should be declared as a share

What percentage should be declared as a share dividend

Reference no: EM133182581

Question - The directors of Ontario Company whose P50 par value share capital is currently selling at P60 per share have decided to issue a share dividend. The selling price is not expected to be affected by the share dividend. The entity, which has an authorization for 1,000,000 shares, had issued 500,000 shares, of which 100,000 shares are now held as treasury.

In order to capitalize P4,800,000 of retained earnings, what percentage should be declared as a share dividend by the directors?

Reference no: EM133182581

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What percentage should be declared as a share dividend

Reference no: EM133182581

Reference no: EM133182581

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