Compute the stockholders equity after business combination

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Problem

The stockholders' equities of Patis Corporation and Suka Corporation at January 1, 2024 were as follows: Capital stock, P10 par Other paid-in capital Retained earnings Patis Suka P1,500,000 P800,000 200,000 400,000 600,000 300,000 P2,300,000 P1,500,000 On January 2, 2024, Patis issued 150,000 of its shares with a market value of P20 per share for all Suka's shares, and Suka was dissolved. On the same day, Patis paid P10,000 for other direct costs of combinition. Get the instant assignment help. Compute the stockholders' equity after the business combination.

Reference no: EM133921060

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