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On January 3, 2025, SY Company has 200,000, P10 par value ordinary shares outstanding having a market price of P15. The shares were originally issued
On January 3, 2025, SY Company has 200,000, P10 par value ordinary shares outstanding having a market price of P15. The shares were originally issued at P14. The total undistributed accumulated net earnings were P4,000,000.
On January 4, 2025, SY company declared a 2 for 1 stock split.
Compute the balance of Retained earnings after the Stock Split.
Compute the balance of Total Contributed Capital after the Stock Split.
Assuming that the 2 for 1 stock split was a reverse split (split down), the Total stockholders Equity after the split is
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