Question
Below is an extract of the trial balance for Deck plc at 31/12/X0: '000 Ordinary shares of 1 each 1,500 Share premium 1,050 Retained earnings
Below is an extract of the trial balance for Deck plc at 31/12/X0:
'000
Ordinary shares of 1 each 1,500
Share premium 1,050
Retained earnings (at 1 January 20X0) 2,134
Total: 4,684
In the year to 31/12/X0, Deck plc made a profit after tax of 1,275,000. The directors have proposed a dividend of 55p 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 '000
Retained earnings b/fwd Answer 1
Profit after tax Answer 2
Dividend payable Answer 3
Retained earnings c/fwd Answer 4
(Enter each value with no sign, comma or decimal places. Use a minus sign where appropriate.)
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