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The Monash Trading company's accounting record shows that the opening and closing debtors balance are $42,000 and $37,000 respectively. During the year Monash Trading sells
The Monash Trading company's accounting record shows that the opening and closing debtors balance are $42,000 and $37,000 respectively. During the year Monash Trading sells $ 97,000 worth of inventory to the their customers. How much cash did Monash Trading receive from their customers during the current financial year? Select one: O a. $92,000 b. $100,000 O c. $82,000 O d. $102,000 A company has an issued share capital of 600,000 ordinary shares, issued at 20 cents per share and 100,000 12% preference shares of issued at $1.00 per share. Preference shares are paid a dividend of 12 cents per share. Preference share holders are paid their dividend from profits, prior to the payment of any dividends to ordinary shareholders. If Profit after tax for the period is $420,000, what is the profit attributable to ordinary shareholders, on a per share basis? Select one: O a. 0.78 cents per share O b. 0.60 cents per share c. 0.70 cents per share d. 0.68 cents per share
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