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What is the total of shareholders equity at december

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Problem 1: Avis Company was organized on January 2, 2009 at which date it issued 200,000 shares of P10 par ordinary shares at P15 per share. During the period January 2, 2012 to December 31, 2014, Avis reported cumulative net income of P900,000 and paid cash dividends of P460,000. On January 2, 2014, Avis purchased 12,000 of its ordinary share at P12 per share. On December 31, 2014, Avis sold 8,000 treasury shares at P8 per share.

Question 1: What is the total of shareholders' equity at December 31, 2014?

Reference no: EM132466960

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