Antonio Corporation was incorporated on January 2,20x1. The following information pertains to its OrdinaryShares transactions:01/02/x1 Number of shares authorized80,00001/02/x1 Number of shares issued20,00002/02/x3 Number of shares issued60,00003/01/x4 Number of shares re-acquired butnot cancelled5,00004/01/x5 two for one stock split1. If the corporation paid dividends of P.50 per shareevery December of every year how much is the totaldividends declared and paid from the date of theincorporation up to December 31, 20x5?2. After the 2 for 1 stock split, how many issued sharesare there?

Authorized share is not relevant for the calculation of amount of dividend declared and paid.…

Antonio Corporation was incorporated on January 2, 20x1. The following information pertains to its Ordinary Shares transactions: 80,000 01/02/x1 Number of shares authorized 01/02/x1 Number of shares issued 02/02/x3 Number of shares issued 03/01/x4 Number of shares re-acquired but not cancelled 04/01/x5 two for one stock split 20,000 60,000 5,000 1. If the corporation paid dividends of P.50 per share every December of every year how much is the total dividends declared and paid from the date of the incorporation up to December 31, 20x5? 2. After the 2 for 1 stock split, how many issued shares are there?

Antonio Corporation was incorporated on January 2, 20x1. The following information pertains to its Ordinary Shares transactions: 80,000 01/02/x1 Number of shares authorized 01/02/x1 Number of shares issued 02/02/x3 Number of shares issued 03/01/x4 Number of shares re-acquired but not cancelled 04/01/x5 two for one stock split 20,000 60,000 5,000 1. If the corporation paid dividends of P.50 per share every December of every year how much is the total dividends declared and paid from the date of the incorporation up to December 31, 20x5? 2. After the 2 for 1 stock split, how many issued shares are there?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...

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