A limited company has issued share capital of: 300,000 ordinary shares of $2 each 200,000
Question:
A limited company has issued share capital of:
• 300,000 ordinary shares of $2 each
• 200,000 6 percent preference shares of $1 each.
During the financial year ended 31 December 2014, a dividend of $0.05 per share was paid on the ordinary shares as well as the dividend on the preference shares.
Calculate how much the company paid out as dividends during the year ended 31 December 2014.
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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