12.3 Bayliss Chandler Limited has an authorised share capital of 30 000, split into 50p shares. Two-thirds
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12.3 Bayliss Chandler Limited has an authorised share capital of £30 000, split into 50p shares. Two-thirds of the shares are issued. In the year ending 31 May 20X3 a dividend of 6p per share is declared.
Ambrose owns 10% of the issued shares in Bayliss Chandler Limited. What is the value of Ambrose's dividend for the year ending 31 May 20X3?
a) £180
b) £120
c) £240
d) £360.
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ISBN: 9781861528728
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