AHA CORP.'s equity as of December 31, 2014 is P354,000. AHA's shares have a par value of P10 per share. The following transactions occurred in 2015: February 15: Dividends of P100,000 are declared and subsequently paid; March 14: 10,000 shares are sold for P14 per share; June 6: 2,000 shares are repurchased for P16 per share; October 8: 2,000 shares previously repurchased are resold for P18 per share. Profit for 2015 is P111,000. On December 31, 2015, AHA CORP should report equity of?

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To calculate AHA CORPs equity as of December 31 2015 we need to consider the various transactions an... View the full answer