Question
Mason Ltd started operations on 1 January 2013. During the first five years of operations, the following occurred: Year Ended 31 December Trading profit (loss)
Mason Ltd started operations on 1 January 2013. During the first five years of operations, the following occurred:
Year Ended 31 December | Trading profit (loss) £ | Profit (loss) on non-current assets £ | Upward revaluation of non-current assets £ |
2013 | (12,000) | - | 4,000 |
2014 | 7,000 | 1,500 | 6,000 |
2015 | 18,000 | 3,000 | 5,000 |
2016 | 22,000 | (4,000) | - |
2017 | 28,000 | 2,000 | 3,000 |
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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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
