Question
Sundae Company has total shareholders equity of P2,025,000 including retained earnings of P525,000. The company has only 712,500 cash balance. The maximum amount of cash
Sundae Company has total shareholders equity of P2,025,000 including retained earnings of P525,000. The company has only 712,500 cash balance. The maximum amount of cash dividend that the company can declare and pay is:
Choose the correct answer:
a. P712,500
b. P2,025,000
c. P525,000
d. P1,237,500
Please answer immediately
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Message Brand And Dollars Auditing Marketing Operations
Authors: J. Mike Jacka, Peter R. Scott
1st Edition
163454000X, 9781634540001
