Question: b . On January 1 , 2 0 2 4 , the company's equity statement shows the Share Capital account - Ordinary ( $ 1

b. On January 1,2024, the company's equity statement shows the Share Capital account - Ordinary ($1
Par; 1,000,000 Issued & Outstanding) of $1,000,000 and Share Premium - Ordinary of
$2,000,000.
The company conducted a 4-for-1 stock split on April 1,2024 and declared a stock dividend
ordinary rate of 10% on July 1,2024. The market price on that date was $0.6 per share.
Question: What is the Share Premium - Ordinary account balance on December 31,2024?

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