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What is the amount of profit if the entity has maintained

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Problem 1: ABC Corporation has 1,000,000 P10 par value ordinary shares authorized. Shares are issued at par value. The entity annually declares P1 cash dividend per share when there were 100,000 shares outstanding in 2017; 200,000 shares outstanding in 2018 and 300,000 shares outstanding in 2019. What is the amount of profit in 2019 if the entity has maintained every year P12 book value per share?

a. P900,000
b. P600,000
c. P500,000
d. P400,000

Reference no: EM132803939

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