A company with share capital comprising 15,000 $2.50 shares engages in a 5-for-1 share split. After the share split the share capital of the company is:
A) $37,500.
B) $5,000.
C) $6,000.
D) $3,000.
Correct Answer:
Verified
Q9: An appropriate journal entry to record the
Q10: When recording the application money as share
Q11: When a company issues shares with partial
Q12: An event that involves the issue of
Q13: A share split has the following impact
Q15: The purpose of a share split is
Q16: A dividend is a distribution of:
A) liabilities
Q17: A dividend may take any one of
Q18: A characteristic of an interim dividend is
Q19: The Corporations Act states that a dividend
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