What is weaver total stockholders equity on december

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Problem 1: Weaver Corporation was organized on January 1, 2013, at which date it issued 100,000 shares of P10 par common stock at P15 per share. During the period January 1, 2013, through December 31, 2015, Weaver reported net income of P450,000 and paid cash dividends of P230,000. On January 10, 2015, Weaver purchased 6,000 shares of its common stock at P12 per share. On December 31, 2015, Weaver sold 4,000 treasury shares at P8 per share. Weaver uses the cost method of accounting for treasury shares. What is Weaver's total stockholders' equity on December 31, 2015?

Reference no: EM132820040

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