United Company provided the following: Cash, P600,000; Equity investments at Fair Value Through Profit or Loss, P800,000; Accounts Receivable (net), P3,500,000; Merchandise Inventory, P1,500,000; Share Capital, P5,000,000; Share Premium, P2,000,000, Retained Earnings, P500,000; Treasury Shares, P300,000. What amount should be reported as total shareholders' equity? A P5,600,000 B P6,600,000 P7,200,000 (D P6,400,000

United Company provided the following: Cash, P600,000; Equity investments at Fair Value Through Profit or Loss, P800,000; Accounts Receivable (net), P3,500,000; Merchandise Inventory, P1,500,000; Share Capital, P5,000,000; Share Premium, P2,000,000, Retained Earnings, P500,000; Treasury Shares, P300,000. What amount should be reported as total shareholders' equity? A P5,600,000 B P6,600,000 P7,200,000 (D P6,400,000

Name: United Company provided the following: Cash, P600,000; Equity investm
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Description: United Company provided the following: Cash, P600,000; Equity investments at Fair Value Through Profit or Loss,P800,000; Accounts Receivable (net), P3,500,000; Merchandise Inventory, P1,500,000; Share Capital, P5,000,000; SharePremium, P2,000,000, R

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 3DQ

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