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What amount should be reported as total shareholder equity

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Reference no: EM132790885

Question - An entity provided the following current asset and shareholder's equity at year-end.

Cash 600,000

Financial asset at fair value through profit and loss, including cost of P300,000 of other equity's share 1,000,000

Retained earnings 500,000

Inventory 1,500,000

Share premium 2,000,000

Account receivable 3,500,000

Share capital 5,000,000

Required - What amount should be reported as total shareholder's equity?

Reference no: EM132790885

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