Question
Ato Dejene Assefa is a shareholder of Merkato Company. He owned 300,000.00 shares of br.300.00 per values common .Merkato Company declares and paid br.0.20 per
Ato Dejene Assefa is a shareholder of Merkato Company. He owned 300,000.00 shares of br.300.00 per values common .Merkato Company declares and paid br.0.20 per share.
1.How much dividend paid to Ato Dejene?
2.How much tax is paid to tax authority?
3.How much money Ato Dejene receive after tax? Who is liable to pay tax the authority?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
