Carlin plc started trading on 1 January 2014. The issued share capital was as follows: Ordinary

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Carlin plc started trading on 1 January 2014. The issued share capital was as follows:

• Ordinary share capital: 80,000 £1 shares.

• Preference share capital: 20,000 £1 shares (4%).

Details relating to trading for the first three years are as follows: image text in transcribed

Preference dividends are provided as expected and ordinary shares are provided for as follows: image text in transcribed

Produce a balance sheet extract for each of the three years of trading, showing the equity section.

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Accounting For Non Accountants

ISBN: 9780749465971

9th Edition

Authors: David Horner

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Question Posted: Jan 31, 2024 03:05 AM

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Carlin plc started trading on 1 January 2014. The issued share capital was as follows: Ordinary

Question:

Net profits Taxation Transfers to reserves: General reserve 2014 2015 2016 18,300 21,456 24,360 6,700 7,650 9,860 11,600 23,006 30,306 4,000 10,000

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Carlin plc Balance Sheet extracts as at 31 Decem...View the full answer

Accounting For Non Accountants

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