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Hi, I was wondering if you can assist with the following questions Tekno Ltd's chief financial officer, Tom Gordon, wants your opinion on the following
Hi, I was wondering if you can assist with the following questions
- Tekno Ltd's chief financial officer, Tom Gordon, wants your opinion on the following comment made by the president, Jim Cameron: "I don't see a difference between a share split after which shareholders hold twice the shares as before and a 100% share dividend. In either case, the overall effect is the same: no change to total assets or total equity and a reduction in the market price per share." Do you agree? Explain.
- Explain what treasury shares are, and explain the purpose behind treasury shares from the perspective of the company holding them.
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