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Help to calculate bonus share and dividend amount!!! Please and thank you. Balances as at 30 June 2020 Ordinary share capital at $1 each: $2,000,000
Help to calculate bonus share and dividend amount!!! Please and thank you. Balances as at 30 June 2020 Ordinary share capital at $1 each: $2,000,000 Retained earnings: $398,000 Asset reevaluation reserve: $480,000
Additional information: The company made a bonus issue of one new ordinary share for every twenty ordinary shares at $1.20 each on 1 April 2020. Final dividends of $0.01 per ordinary share were proposed on all ordinary shares in existence as at 31 March 2020.
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