DY Corporation declared the regular quarterly dividend of P2 per share. It had issued12,000 shares and subsequently reacquired 2,000 shares as treasury stock. What would be the amount of the dividend per quarter?

a. P4,000

b. P20,000

c. P24,000

d. P80,000

Lebron and Wade, partners who share profits and losses equally decided to liquidate their partnership by installment. The statement of financial position showed Cash P 35,000; P Liabilities P 20,000; Lebron, Capital P71,000; and Wade, Capital P 54,000. Liquidation expenses amounted to P 10,000. How much cash can be distributed safely toeach partner at this point?

a. Lebron-P3,000; Wade- P0

b. Lebron-P5,000; Wade-0

c. Lebron-P5,000; Wade-P500

d. Lebron- P5,000; Wade- P1,000