Below is an extract of the trial balance for Deck plc at 31/12/X0: '000 Ordinary shares of
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Question:
Below is an extract of the trial balance for Deck plc at 31/12/X0:
'000 | |
---|---|
Ordinary shares of 1 each | 1,620 |
Share premium | 1,060 |
Retained earnings (at 1 January 20X0) | 2,164 |
4,844 |
In the year to 31/12/X0, Deck plc made a profit after tax of 1,400,000. The directors have proposed a dividend of 65p per share, and this has been approved by the shareholders.
Requirement: Using the information provided, complete the movement on retained earnings working below. (Round all calculations to the nearest thousand.)
Movement on retained earnings | '000 |
---|---|
Retained earnings b/fwd | Answer 1 |
Profit after tax | Answer 2 |
Dividend payable | Answer 3 |
Retained earnings c/fwd |
Related Book For
Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
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