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What amount of dividends was declared by max

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During the year 2020, Max Company's total equity increased by P320,000. New shareholder investment during the year totaled P650,000. Total revenues during the year were P5,000,000 and total expenses were P4,600,000. Cash increased by P75,000 during the year.

Problem 1: What amount of dividends was declared by max during the year 2020

Reference no: EM132813306

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