1. ST Corporation has a total shareholders' equity of P1,000,000, including retained earnings of P175,000. The cash balance is P350,000. How much is the maximum amount of cash dividend that the...

a. P175,000

b. P1,000,000

c. P350,000

d. P525,000


2. CT, Inc. has 10,000 shares of 8% P50 par preference shares and 100,000 shares of P4par ordinary shares outstanding.  Two years’ preference dividends are in arrears. It declared cash dividends large enough to pay preference dividend in arrears, the preference dividends for the current period, and a P1.50 dividend to ordinary.  What is the total amount oft he dividend?








3. 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?Required to answer. Single choice.