Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The financial year of Al Barak corporation ends on 31 December every year. The company has issued fully paid up 400,000 Ordinary shares of OMR
The financial year of Al Barak corporation ends on 31 December every year. The company has issued fully paid up 400,000 Ordinary shares of OMR 1.200 each. On 1 July 2019, the directors declared an interim dividend of 3.5 % on its ordinary shares which was paid on 5th July 2020. Calculate the amount of interim dividend.
a- OMR 300,000
b-OMR 9000
c-OMR 450,000
d-OMR 16,800
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started