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Question 2 Plat3 Ltd provided the following information. The company received $21 000 from an issue of ordinary shares of $0.50 each at a premium
Question 2 Plat3 Ltd provided the following information. The company received $21 000 from an issue of ordinary shares of $0.50 each at a premium of $0.25 and paid a dividend of $0.10 per share on all issued shares. Extract of the statement of profit or loss $ 178,300 Revenue Cost of sales Expenses 41,200 85,400 (a) Calculate for the year ended 31 October 2019 the: (1) profit for the year (1) (ii) number of ordinary shares issued (1) (1) dividend paid (1)
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