A company has an authorised share capital of $1 000 000. The company has issued 800 000

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A company has an authorised share capital of $1 000 000. The company has issued 800 000 ordinary shares of $1 at $1.20 per share. It pays $48 000 as dividend on the ordinary shares. What was the rate of the dividend?

A. 4%

B. 4.8%

C. 5%

D. 6%

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 28, 2023 01:51 PM

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A company has an authorised share capital of $1 000 000. The company has issued 800 000

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The rate of dividend can be calculated using the following formula Rate of Dividend Dividend ...View the full answer

Accounting A Level And AS Level

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