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How much is the maximum amount of cash dividend

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Question - ST Corporation has a total shareholders' equity of P1,000,000, including retained earnings of P175,000. The cash balance is P350,000. How much is the maximum amount of cash dividend that the corporation can declare and pay?

a. P175,000

b. P525,000

c. P350,000

d. P1,000,000

Reference no: EM133048890

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