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2. AAA Company provided the following information on December 31, 2013: Share capital P 5,000,000 Share premium 1,000,000 Treasury shares, at cost 500,000 Accumulated profits

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2. AAA Company provided the following information on December 31, 2013: Share capital P 5,000,000 Share premium 1,000,000 Treasury shares, at cost 500,000 Accumulated profits 2,000,000 Cumulative translation adjustment loss 400,000 Cumulative unrealized gain AFS 600,000 What is the total shareholders' equity? a. 5,500,000 b. 6,000,000 c. 7,700,000 d. 8,000,000

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