You have the following information regarding dividends and taxation for Brain and Co., a software house. Required:
Question:
You have the following information regarding dividends and taxation for Brain and Co., a software house.
Required: Calculate tax paid and dividends paid.
Transcribed Image Text:
Profit and Loss Account (Extract from Year to 31 December 2005) Balance Sheets as at 31 December (Extracts) 2004 2005 Profit before Taxation 106,508 Current Liabilities Taxation (51,638) Tax payable 50,320 65,873 Profit after Taxation 54,870 Dividends payable 23,100 29,400 Dividends (27,329) Retained Profit 27,541
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