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Question 3 Constel Ltd provided the following information. On 1 February 2019 $45 000 was received from an issue of 9% debentures (2030). On 1

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Question 3 Constel Ltd provided the following information. On 1 February 2019 $45 000 was received from an issue of 9% debentures (2030). On 1 January 2020 a dividend of $0.10 per share was paid on all 180 000 issued shares. The company made an operating profit for the year ended 31 January 2020 of $32 750 before accounting for debenture interest. Calculate, for the year ended 31 January 2020, the: (i) debenture interest (1) (ii) profit for the year ) (1) (iii) nominal value of an ordinary share (1) (iv) total dividend paid. (1)

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