On January 3, 2025, SY Company has 200,000, P10 par value ordinary shares outstanding having a market priceof P15. The shares were originally issued at P14. The total undistributed accumulated net earnings wereP4,000,000.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 splitis

Stock Split is an equity decision in which the quantity of shares is increased by reducing its par…

Answered: On January 3, 2025, SY Company of P15.…

Business

Accounting

On January 3, 2025, SY Company of P15. The shares were originally P4,000,000. On January 4, 2025, SY company

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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