Falcon Ltd (FL) provides the following details about its financial results: Equity share capital 50,00,000, Current years
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Falcon Ltd (FL) provides the following details about its financial results:
Equity share capital ₹50,00,000, Current year’s profit ₹20,00,000, Average amount paid as equity dividend in the past three years ₹9,00,000. During the current year company wishes to declare a dividend of 14%. Suggest can it be implemented and how much maximum amount can be transferred to general reserve. If company wishes to declare a dividend of 22% then will it be possible. What if company does not declare any dividend?
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