Tick the correct answer. Coalmans Ltd has authorised share capital of 10,000 1 ordinary shares of which

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Coalmans Ltd has authorised share capital of 10,000 £1 ordinary shares of which 5,000 have been issued and fully paid for. The directors proposed a dividend of 20%. How much:

(a) will the company pay in total?

(i) £1,000

(ii) £2,000

(iii) £3,000

(b) will the holder of one share receive?

(i) lOp

(ii) 20p

(iii) 5p LO.1

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Mastering Accounting

ISBN: 9780333511978

1st Edition

Authors: George Bright, Michael Herbert

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