Company Fabulous Sweets wants to raise capital for investment into its operations that intends to manufacture sweets and chocolates. Discuss how they will raise capital with specific reference to authorized and share capital. 

5.2 Cindy is happy since she is getting 10% dividends each year. Ambie is unhappy since she only receives dividends sporadically. Explain the background behind these two shareholders. 

5.3 ABC Ltd has calculated a net profit before taxation of R250 000 for the year ended 31 December 2019. The taxation for the is calculated as 30% of net profit before taxation. Capital includes 300 000 x 8% preference shares valued at R1 each. Ordinary share capital consists of 250 000 shares at R1 each. The board of directors have decided to declare a dividend of R0,20 per share. The balance of retained profit at the beginning of the year was R250 000. 

REQUIRED: 

Prepare the abridged statement of comprehensive income for the year end 31 December 2019