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A Company Had the Following Shareholders' Equity on January 1

Question 205

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A company had the following shareholders' equity on January 1:
On January 10, the company declared a 40% bonus issue or share dividend to holders of record on January 25, to be distributed January 31. The market value of the share on January 10 prior to the dividend was $20 per share. What is the book value per ordinary share on February 1?
A company had the following shareholders' equity on January 1: On January 10, the company declared a 40% bonus issue or share dividend to holders of record on January 25, to be distributed January 31. The market value of the share on January 10 prior to the dividend was $20 per share. What is the book value per ordinary share on February 1?

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