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PLEASE SOLVE THIS QUESTION AND EXPLAIN IN DETAIL. THANK YOU ay the mited Required: Prepare the Statement of Changes in Equity for Lyness Ltd for
PLEASE SOLVE THIS QUESTION AND EXPLAIN IN DETAIL. THANK YOU
ay the mited Required: Prepare the Statement of Changes in Equity for Lyness Ltd for the year ended 31 December 2020. 36.2 Yakubo plc was incorporated in 2011. The company has an authorised share capital of 3 million ordinary shares of 1p each, and 1 million 3% preference shares of 1 each. One third of these ordinary shares and exactly one quarter of the preference shares are currently in issue. The preference shares were issued at nominal value, but the ordinary shares were originally issued at a price of 49p per share. The company has traded successfully in its short life to date, and the market value of the ordinary shares currently fluctuates between 2.20 and 2.50. The company's financial year end is 31 December. Ordinary dividends of 13p per share were paid in March 2019. This was the final dividend in respect of 2018. An interim ordinary dividend of 4p per share was paid in August 2019. A final dividend for 2019 of 16p per share has recently been proposed. What were the total dividends paid during 2019 by Yakubo plc? seStep by Step Solution
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