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Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of 150,000. The cash balance is 350,000. The maximum cash dividend the corporation

Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of 150,000. The cash balance is 350,000. The maximum cash dividend the corporation can declare and pay is

a. 1,000,000.

b. 175,000.

c. 525,000.

d. 350,000.

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