The following information relates to Kemp plc for the year to 31 March 19X0: Required: 1 Dividends

The following information relates to Kemp plc for the year to 31 March 19X0:

Required:

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1 Dividends Proposed final ordinary dividend for the year to 31 March 19X9 paid on 31 August 19X9 nterim ordinary dividend paid on 31 December 19X9 Proposed final ordinary dividend for the year 31 March 19X0 to be paid on 31 July 19X0 2 Advance corporation tax Credit balance at 1 April 19X9 3 Deferred taxation account Credit balance at 1 April 19X9 During the year to 31 March 19X0 a transfer of 5 million was made from the profit and loss account to the deferred taxation account. 4 Tax rates 5 Corporation tax 35 per cent Income tax 25 per cent Assume that all advance corporation tax is recoverable against corporation tax. m 28 223 12 36 7 3