Fetto plc started trading on 1 January 2024. The issued share capital was as follows: Ordinary share

Question:

Fetto plc started trading on 1 January 2024. 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:

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Preference dividends are provided as expected and ordinary share dividends are provided for as follows:

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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: 9781789664300

12th Edition

Authors: David Horner

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Question Posted: May 27, 2024 02:06 AM

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Fetto plc started trading on 1 January 2024. The issued share capital was as follows: Ordinary share

Question:

Net profits Taxation Transfers to reserves: General reserve 2024 2025 2026 18,300 21,456 24,360 6,700 7,650 9,860 - 4,000 10,000

Step by Step Answer:

Accounting For Non-Accountants

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