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What is the balance of equity section to be

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Question - In addition to the above data, JKL Co has PPE items amounting to P12,500,000 with accumulated depreciation of P3,125,000 and a deferred tax liability of P1,200,000 in its post-closing trial balance as of December 31, 2020, What is the balance of equity section to be shown in their statement of financial position?

a. 13,215,000

b. 9,215,000

c. 12,715,000

d. 8,215,000

Reference no: EM132949279

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