The directors of Canada Corporation, whose ₱50 par value share capital is currently selling at ₱60 per share, have decid

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answerhappygod
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The directors of Canada Corporation, whose ₱50 par value share capital is currently selling at ₱60 per share, have decid

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The directors of Canada Corporation, whose ₱50 par value sharecapital is currently selling at ₱60 per share, have decided toissue a 10% share dividend. The corporation which has anauthorization for 1,000,000 shares had issued 500,000 shares, ofwhich 100,000 are now held as treasury. How manyshares are outstanding after the share dividends wereissued?
Answer is ₱440,000 but please show solutions in goodform.
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