Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of P190,000. The cash balance 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.

Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of P190,000. The cash balance 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.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 3DQ

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- Malit Corporation has a total shareholders' equity of P1,000,000, including retained
earnings of P190,000. The cash balance is P350,000. The maximum cash dividend
the corporation can declare and pay is
a. P1,000,000.
b. P650,000.
с. Р350,000.
d. P190,000.

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