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Can you please help me with this? Exercise #2 LAM PA CO reported the following in its statement of stockholder's equity on April 1, 2019.
Can you please help me with this?
Exercise #2 LAM PA CO reported the following in its statement of stockholder's equity on April 1, 2019. Ordinary share P5 par, 200,000 shares authorized, 100,000 Shares Issued Additional Paid-in capital Retained earnings Total contributed capital and retained earnings Less: Treasury shares, 5,000 shares at cost Total shareholders' equity P500,000 1,500,000 516,000 P2, 516,000 40,000 P2, 476,000 The following events occurred in 2019: May 1 July 9 Oct 15 1,000 treasury shares were sold for P10,000 10,000 shares previously unissued shares were sold for P12 per share. there was a 2-for-1 share split. Required: Compute for the number of shares issued and outstanding at December 31, 2019Step by Step Solution
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