On January 5, 2020, ABC Co. approved a 2 for 1 split of its sharecapital and an increase in authorized shnres from 100,000 P2opar value shares to 200,c00 P10 pur value slureu.The sharcholdern' equity immediately bufore issance of theslare split shares are as follows:Share Capital (P20 parSlare preuiua.Accumulated Prefite.P1,000.000150,0001,350,000How msch is the tetal siarelinlriers" oquity ater effecting thenhare split?P2,500.000P3,000.000P3,500.000

Split shares means when higher denomination shares has been converted into small denomination…

On Janunry 5, 2020, ABC Co. approved a 2 for 1 split of its share capital and an increase in authorized shares from 100,000 P20 par value sharen to 200,c00 PI10 pur value sluareu. The shareholdern' equity inmediately bufore issaance of the sluare split shares are us follows: Share Capital (P20 par Slare preuitu. Accumulated Prefirn P1,000.000 150,000 1,350,000 How msch is the tenl siarlanlriers" oguity ater effecting the share split?

On Janunry 5, 2020, ABC Co. approved a 2 for 1 split of its share capital and an increase in authorized shares from 100,000 P20 par value sharen to 200,c00 PI10 pur value sluareu. The shareholdern' equity inmediately bufore issaance of the sluare split shares are us follows: Share Capital (P20 par Slare preuitu. Accumulated Prefirn P1,000.000 150,000 1,350,000 How msch is the tenl siarlanlriers" oguity ater effecting the share split?

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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