Question
ECE Corporation had the following shareholders accounts before the declaration of dividend. Ordinary share capital, P5 par (authorized, 500,000 shares) 1,500,000 Share premium 1,560,000 Retained
ECE Corporation had the following shareholders accounts before the declaration of dividend. Ordinary share capital, P5 par (authorized, 500,000 shares) 1,500,000 Share premium 1,560,000 Retained earnings 1,210,000 Market value of the ordinary share on this date is P40 per share. The company declared and distributed 10% share dividend. How much is the share premium after issuance of bonus shares?
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad McEvoy
2nd Edition
9781621590118
