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Superman Co. split its share capital on a 5 for 2 when the market value...

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Accounting

Superman Co. split its share capital on a 5 for 2 when the market value was P 60 per share. Prior to the split, City Light Co. has 200,000 shares of P 15 par value share capital. After the split, what is the par value of the share capital and how many outstanding shares, respectively?

Group of answer choices

a. P 24.00 and 500,000 shares

b. P 3.00 and 1,000,000 shares

c. P 6.00 and 500,000 shares

d. P 12.00 and 1,000,000 shares

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