Question
Below is an extract of the trial balance for Deck plc at 31/12/X0: Ordinary shares of 1 each Share premium '000 1,760 2,030 Retained
Below is an extract of the trial balance for Deck plc at 31/12/X0: Ordinary shares of 1 each Share premium '000 1,760 2,030 Retained earnings (at 1 January 20X0) 2,244 6,034 In the year to 31/12/X0, Deck plc made a profit after tax of 1,450,000. The directors have proposed a dividend of 60p per share, and this has been approved by the shareholders. Requirement: Using the information provided, complete the movement on retained earnings working below. (Round all calculations to the nearest thousand.) Movement on retained earnings Retained earnings b/fwd. '000 Profit after tax Dividend payable Retained earnings c/fwd (Enter each value with no E sign, comma or decimal places. Use a minus sign where appropriate)
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