SlinderMan9876 SlinderMan9876

21-05-2024
Business

Answered

Evie Corporation was organized on January 1, 2014 at which date it issued 100,000 shares of P10 par ordinary shares at P15 per share. During the period January 1 to December 31, 2016, Evie reported profit of P450,000 and paid cash dividends of P230,000. On January 10,2 016, Evie purchased 6,000 shares of its ordinary shares at P12 per share. On December 31, 2016, Evie sold 4,000 treasury shares at P8 per share and retired the remaining treasury shares. What is Evie's total shareholders' equity at December 31, 2016? Select one:
A. P1,704,000
B. P1,688,000
C. P1,720,000
D. P1,680,000

Answer :

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