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What maximum cash dividend the corporation can declare

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Problem 1: Saboni Inc. has a total shareholders' equity of P1,000,000, including Retained Earnings of P190,000. The cash balance for the year is P350,000. The maximum cash dividend the corporation can declare and pay is:

a. P1,000,000

b. P650,000

c. P350,000

d. P190,000

Reference no: EM132718757

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