Question
Constel6 Ltd provided the following information in addition to the statement of changes in equity for the year ended 31 January 2020. . On
Constel6 Ltd provided the following information in addition to the statement of changes in equity for the year ended 31 January 2020. . On 1 February 2019 $45 000 was received from an issue of 9% debentures (2030). . On 1 January 2020 a dividend of $0.10 per share was paid on all 180 000 issued shares. The company made an operating profit for the year ended 31 January 2020 of $32 750 before accounting for debenture interest. a) Calculate for the year ended 31 January 2020, the i) Debenture interest ii) Profit for the year Nominal value of an ordinary share (8 marks)
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Authors: Ron Larson, Bruce H. Edwards
10th Edition
1285057090, 978-1285057095
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