diff --git a/ReactAndroid/src/main/java/com/facebook/react/views/textinput/ReactTextInputManager.java b/ReactAndroid/src/main/java/com/facebook/react/views/textinput/ReactTextInputManager.java
index 72165e54271..3b0b6c317ef 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/views/textinput/ReactTextInputManager.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/views/textinput/ReactTextInputManager.java
@@ -212,6 +212,7 @@ public class ReactTextInputManager extends BaseViewManager<ReactEditText, Layout
         break;
       case "setTextAndSelection":
         int mostRecentEventCount = args.getInt(0);
+        reactEditText.setMostRecentEventCount(mostRecentEventCount);
 
         if (mostRecentEventCount != UNSET) {
           String text = args.getString(1);
diff --git a/ReactCommon/fabric/components/textinput/androidtextinput/AndroidTextInputShadowNode.cpp b/ReactCommon/fabric/components/textinput/androidtextinput/AndroidTextInputShadowNode.cpp
index c0d7203a982..35f9e47f07c 100644
--- a/ReactCommon/fabric/components/textinput/androidtextinput/AndroidTextInputShadowNode.cpp
+++ b/ReactCommon/fabric/components/textinput/androidtextinput/AndroidTextInputShadowNode.cpp
@@ -16,8 +16,6 @@
 #include <react/core/conversions.h>
 #include <react/jni/ReadableNativeMap.h>
 
-#include <Glog/logging.h>
-
 using namespace facebook::jni;
 
 namespace facebook {
@@ -33,44 +31,52 @@ void AndroidTextInputShadowNode::setContextContainer(
 
 AttributedString AndroidTextInputShadowNode::getAttributedString(
     bool usePlaceholders) const {
-  auto textAttributes = TextAttributes::defaultTextAttributes();
-  textAttributes.apply(getProps()->textAttributes);
-
   // Use BaseTextShadowNode to get attributed string from children
-  auto const &attributedString =
-      BaseTextShadowNode::getAttributedString(textAttributes, *this);
+  auto childTextAttributes = TextAttributes::defaultTextAttributes();
+  childTextAttributes.apply(getProps()->textAttributes);
+  auto attributedString =
+      BaseTextShadowNode::getAttributedString(childTextAttributes, *this);
+
+  // BaseTextShadowNode only gets children. We must detect and prepend text
+  // value attributes manually.
+  if (!getProps()->text.empty()) {
+    auto textAttributes = TextAttributes::defaultTextAttributes();
+    textAttributes.apply(getProps()->textAttributes);
+    auto fragment = AttributedString::Fragment{};
+    fragment.string = getProps()->text;
+    fragment.textAttributes = textAttributes;
+    fragment.parentShadowView = ShadowView(*this);
+    attributedString.prependFragment(fragment);
+
+    // We know this is not empty, because we at least have the `text` value
+    return attributedString;
+  }
+
+  // No need to use placeholder if we have text at this point.
   if (!attributedString.isEmpty()) {
     return attributedString;
   }
-  if (!getProps()->text.empty() || usePlaceholders) {
-    // If the BaseTextShadowNode didn't detect any child Text nodes, we
-    // may actually just have a `text` attribute.
-    // TODO: figure out why BaseTextShadowNode doesn't pick this up, this
-    // is a bug. A minimal Playground example that triggers this: P122991121
-    auto textAttributedString = AttributedString{};
-    auto fragment = AttributedString::Fragment{};
-    fragment.string = getProps()->text;
 
-    if (usePlaceholders) {
-      // Return placeholder text instead, if text was empty.
-      if (fragment.string.empty()) {
-        fragment.string = getProps()->placeholder;
-      }
-      // For measurement purposes, we want to make sure that there's at least a
-      // single character in the string so that the measured height is greater
-      // than zero. Otherwise, empty TextInputs with no placeholder don't
-      // display at all.
-      if (fragment.string.empty()) {
-        fragment.string = " ";
-      }
-    }
-    fragment.textAttributes = textAttributes;
-    fragment.parentShadowView = ShadowView(*this);
-    textAttributedString.appendFragment(fragment);
-    return textAttributedString;
+  // Return placeholder text, since text and children are empty.
+  auto textAttributedString = AttributedString{};
+  auto fragment = AttributedString::Fragment{};
+  fragment.string = getProps()->placeholder;
+
+  // For measurement purposes, we want to make sure that there's at least a
+  // single character in the string so that the measured height is greater
+  // than zero. Otherwise, empty TextInputs with no placeholder don't
+  // display at all.
+  if (fragment.string.empty() && usePlaceholders) {
+    fragment.string = " ";
   }
 
-  return attributedString;
+  auto textAttributes = TextAttributes::defaultTextAttributes();
+  textAttributes.apply(getProps()->textAttributes);
+
+  fragment.textAttributes = textAttributes;
+  fragment.parentShadowView = ShadowView(*this);
+  textAttributedString.appendFragment(fragment);
+  return textAttributedString;
 }
 
 void AndroidTextInputShadowNode::setTextLayoutManager(