Question: Api-api Holding decided to declare a dividend 5% stock dividend. Current shares are traded in the market at RM2.50 each. Extracted Balance Sheet of Api-api

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Api-api Holding decided to declare a dividend 5% stock dividend. Current shares are traded in the market at RM2.50 each. Extracted Balance Sheet of Api-api Holding Common Shares (Par Value @ RM1.00) RM2,000,000 Premium RM3,250,000 Retained Earnings RM2,500,000 Total shareholders equity RM6,250,000 Find: a) New common stock (4 marks) b) New premium (4 marks) c) New retained earnings (4 marks) d) Total net worth (4 marks)

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