Question
Charlie's Angels Ltd has the following statement of financial position: R750 000 R250 000 R500 000 Equity Non-current assets Cash = = The company
Charlie's Angels Ltd has the following statement of financial position: R750 000 R250 000 R500 000 Equity Non-current assets Cash = = The company has 50 000 shares in issue. The company has just declared a R1,50 dividend per share. The ex-dividend date is the day after tomorrow. Required: a) What is the share selling for today? b) What will the share price be in two days' time? [1 mark] [1 mark] c) How will the statement of financial position change after the dividends are paid? [3 Marks]
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
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