Question: 10) During the current year, Alto Company declared a 1 for 5 reverse share split, when the market value of share was P100. Prior to

10) During the current year, Alto Company declared a 1 for 5 reverse share split, when the market value of share was P100. Prior to the split, the entity had 100,000 shares of P10 par value issued and outstanding. After the split, what is the par value of the share? a) 10 c) 50 b) 20 d) 2

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