4. An entity showed the following data: Share capital, par value P50 5,000,000 Share premium 200,000 Retained Earnings 2,000,000 Market value of share on declaration date 75 Market value of share on distribution date 85 Treat each item independently: e. If the entity would declare a 2 for 1 share split, How much would be the new par value?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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4. An entity showed the following data:
Share capital, par value P50 5,000,000
Share premium 200,000
Retained Earnings 2,000,000
Market value of share on declaration date 75
Market value of share on distribution date 85
Treat each item independently:

e. If the entity would declare a 2 for 1 share split, How much would be the new par value? 

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