Reference no: EM132794618
Question 1: Leslie Company was organized on January 2, 2018 at which date it issued 400,000 shares of P20 par ordinary share at P30 per share. During the period January 2, 2018 to December 31, 2020, Leslie reported Net Income of P1,800,000 and paid cash dividends of P920,000. On January 2, 2020, Leslie purchased 24,000 of its ordinary share at P24 per share. On December 31, 2020, Leave sold 16,000 treasury shares at P16 per share, What is the total shareholders' equity at December 31, 2020?
Option 1: 13,800,000
Option 2: 12,304,000
Option 3: 12,880,000
Option 4: 12,560,000
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