QUIZ 1: The company declares a "1 for 10 shares held" share dividend. Owner A currently has 4,000 shares with a par value of P10 on hand. Which among the following is not true. a. Owner A will receive 400 additional shares. b. Total shares on hand shall be 4,400 after the stock dividend. c. Total ownership percentage of Owner A does not change. d. If the fair value of the shares at date declaration is P12, the total amount debited to retained earnings shall be P4,000.

2. Compute total outstanding ordinary shares. M Corporation issued 100,000 ordinary shares at P20 par value on January 1, 20x1. On October 25, 20x1, 35,000 ordinary shares were repurchased at a cost of P30, and 75,000 preferred shares were issued at P75 par value with a dividend rate of 10%. On March 20x2, the board of directors declared dividends of P500,000 for shareholders on record as of December 25, 20x1.

3. Compute preferred share dividend assuming that the board of directors has declared P500,000 cash dividends for distribution. The corporation has 75,000 shares of 7% preferred shares outstanding with a par value of P30 outstanding as of the date on record.

4. Compute total dividends to ordinary shares assuming the board of directors declared cash dividends of P500,000 for distribution on December 23, 2021. Data from the stockholders equity before declaration reveals 2% preferred shares, P200 par, (25,000 shares authorized, 4,000 shares outstanding), noncumulative and fully participating; and, Ordinary shares, P20 par, (100,000 shares authorized, 40,000 shares outstanding).

5.I Corporation has 40,000 ordinary shares outstanding and declared a 4-for-1 stock split. If the ordinary shares have a market value per share of P300 before the split, what would be the approximate market value per share after the split?