Garden Gloves Company has issued 50,000 ordinary shares of 50 cents each and 20,000 7% preference shares of $1 each. It
Posted: Tue Jul 05, 2022 11:47 am
Garden Gloves Company has issued50,000 ordinary shares of 50 cents each and 20,000 7% preferenceshares of $1 each. It profits after taxation for the year to 30September 20X5 were $8,400. The management board has decided to payan ordinary dividend which is 50% of profits after tax andpreference dividend
Required: Show the amount intotal dividends ad of retained profits, and calculate the dividendper share on ordinary shares.
Required: Show the amount intotal dividends ad of retained profits, and calculate the dividendper share on ordinary shares.