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Please answer the questions 13.1, 13.2 and 13.3 with your detailed explanations, it's much appreciated! The issued share capital of Alpha, a limited liability company,
Please answer the questions 13.1, 13.2 and 13.3 with your detailed explanations, it's much appreciated!
The issued share capital of Alpha, a limited liability company, is as follows: Ordinary shares of 10c each 1,000,000500,000 8%Redeemablepreferencesharesof50ceach In the year ended 31 October 20X2, the company has paid the preference dividend for the year and an interim dividend of 2c per share on the ordinary shares. A final ordinary dividend of 3c per share was proposed, after the reporting date. What amount will be shown as dividends in the statement of changes in equity at 31 October 20X2? 2 When a company makes a rights issue of equity shares which of the following effects will the issue have? (1) Assets are increased (2) Retained earnings are reduced (3) Share premium account is reduced (4) Investments are increased 1 only 1 and 2 3 only 1 and 4 A company made an issue for cash of 1,000,00050c shares at a premium of 30c per share. Which one of the following journal entries correctly records the issueStep by Step Solution
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