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Iqbal Ltd started trading on 1 July 2012. During the first five years of trading, the following occurred: 2013: Trading profit (loss): (20, 000),
Iqbal Ltd started trading on 1 July 2012. During the first five years of trading, the following occurred: 2013: Trading profit (loss): (20, 000), Profit (loss) on non-current assets: 0, Upward revaluation of non-current assets: 5,000 . 2014: Trading profit (loss): 10,000, Profit (loss) on non-current assets: 2,000, Upward revaluation of non-current assets: 7,000 2015: Trading profit (loss): 25,000, Profit (loss) on non-current assets: 8,000. Upward revaluation of non-current assets: O 2016: Trading profit (loss): 18,000, Profit (loss) on non-current assets: (1,000). Upward revaluation of non-current assets: 0 2017: Trading profit (loss): 30,000, Profit (loss) on non-current assets: 0, Upward revaluation of non-current assets: 15,000 Required: Assume that the company paid the maximum legal dividend each year. Under normal circumstances, how much would each year's dividend be?
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