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4. Company XYZ has been around for five years. During this time, it reported the following net income: Year 1: RO (70,000) Year 2: RO
4. Company XYZ has been around for five years. During this time, it reported the following net income: Year 1: RO (70,000) Year 2: RO (55,000) Year 3: RO 185,000 Year 4: RO 125,000 Year 5: RO 190,000 Company XYZ paid no dividends till year 4 but for year 5 it paid dividend @ 50 baiza each on its equity shares. The company till then had issued 4,000,000 share of RO 0.500 each fully paid. You are required to calculate the retained earning balance for 5 years? 5. ABC Company has issued 25,000 ordinary shares (equity shares) of OMR0.250 baisa each and 10,000 7% preference shares of OMR1 each. Its profits after taxation for the year 2019 were OMR54,200. The directors have decided to pay OMR 15,000 as ordinary dividend. You are required show: 1. The amount paid as dividends 2. The amount of retained profits 3. The balance of retained earning at the year end assuming the company had an opening balance of RO 36,000. 4. The dividend per share on ordinary shares
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