he retained earnings balance of the Corporation as of the end of the year shows: Unappropriated retained earnings P 1,500,000 Retained earnings appropriated for treasury shares 500,000 Retained earnings appropriated for plant expansion 2,000,000 Retained earnings appropriated for bond retirement 10,000,000 Total retained earnings P14,000,000 What is the maximum amount that the corporation can distribute as dividends? Give your answer in this format x,xxx,xxx

he retained earnings balance of the Corporation as of the end of the year shows: Unappropriated retained earnings P 1,500,000 Retained earnings appropriated for treasury shares 500,000 Retained earnings appropriated for plant expansion 2,000,000 Retained earnings appropriated for bond retirement 10,000,000 Total retained earnings P14,000,000 What is the maximum amount that the corporation can distribute as dividends? Give your answer in this format x,xxx,xxx

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter19: Corporations: Distributions Not In Complete Liquidation

Section: Chapter Questions

Problem 1BCRQ

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