A company declared cash dividends of PO.20 per share. If there are 500,000 shares of common stock authorized, 100,000 shares issued, and 80,000 shares outstanding at the date of declaration, what is the amount that the company should record for the dividend? P4,000 P16,000 P20,000 P100,000 A business has the following items in it: - Land P1,500,000 - Machinery P80,000 - Cash P20,000 - Owners equity P900,000 - Loan P500,000 - Creditors What is the value of the creditors? P200,000 P700,000 P800,000 O None of the above