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Ordinary shares of 10c each 1,500,000
8% Redeemable preference shares of 50c each 500,000
In the year ended 31 December 20X9, the company has paid the preference dividend for the year and an interim dividend of 4c per share on the ordinary shares. A final ordinary dividend of 3c per share was proposed, after the reporting date.What amount will be recognised for dividends in the equity section of the statement of financial position at 31 December 20X9?
What is the opening retained earnings balance?
1. Retained earnings are reduced
2. Investments are increased
3. Share premium account is reduced
4. Assets are increased
How much should be charged to the statement of profit or loss (SPL) for the year ended
31 December 20X9, and how much should be accrued on the statement of financial position (SOFP)?
What accounting entries are required if the entity was to make a bonus issue of one share for four held?
Which of the following statements is correct?
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