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Grow Ltd has issued 100,000 5% preference shares of 10 each and 800,000 1 ordinary shares. Grow Ltd did not pay any dividends in 2018.
Grow Ltd has issued 100,000 5% preference shares of 10 each and 800,000 1 ordinary shares. Grow Ltd did not pay any dividends in 2018. In 2019 the dividends paid totalled 80,000. How much was paid in dividends to ordinary shareholders?
Group of answer choices
50,000
4,000
Nil
30,000
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