The stockholders equity portion of XYZs balance sheet shows the following:

Ordinary Equity Share, P10 par P300, 000

Additional paid-in capital in excess of par 450,000

Retained Earnings 750,000

Currently, the stock is selling at P50 per share.

If a 20% stock dividend is declared, how many shares will be distributed?

Answer: ____ shares

Using the par value, how much will be transferred from retained earnings to ordinary equity share?

Answer: P____

If the market value will be applied, how much will be the balance of retained earnings after distribution?

Answer: P____

How much will be credited to additional paid-in capital?

Answer: P____

If the company declared and paid cash dividend of P 3.50 per share outstanding, how much will be credited to cash?

Answer: P____

Assuming the company declared a 2 to 1 stock split, what will be the new number of ordinary equity shares authorized and issued?

Answer: ____ shares

How much will be the new par value per share?

Answer: P____-