Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. garden gloves has issued 50000 ordinary shares of

Garden Gloves has issued 50000 ordinary shares of 50 cents each and 20000 7% preference...

60.1K

Verified Solution

Question

Accounting

Garden Gloves has issued 50000 ordinary shares of 50 cents each and 20000 7% preference shares of $1 each. Its profit after taxation for the year to 30 September 2020 were $8400. The management board has decided to pay ordinary dividend of 50% of profit after tax  and preference dividend. Show the amount in total of dividend  and of retained profits.



Calculate the dividend  per share on ordinary shares.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the absolute maximum and minimum values of the function, if they exist, over the indicated...

Basic Math
Q

Suppose that a large country experiences growth strongly biased towards its exports A. this will have no...

Economics
Q

"Models of Organizational Performance" Please respond to the following: Choose two models of organizational performance and compare...

General Management
Q

Critically analyze the marketing campaign of a selected / reputed organization of your choosing during the...

General Management
Q

Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use...

Accounting
Q

AJPH Public Health Approach to Eliminating Health Disparities pdfin 250 300 words explain how the...

Biology
Q

Example 20 3 A steel ruler exactly 20 cm long is graduated to give correct...

Physics
Q

K A game has two four sided dice having the numbers 3 6 9 and...

Basic Math
Q

O A 22 In 2 In x 2 B In 2 In x 2 In...

Calculus
Q

1. Using the data from the table calculate correlation between a. Budget and Organization's revenue;...

Accounting
Q

I need step 7, Journal and Post the Closing Journal entries for November, 20XX ...

Accounting
Q

Capital Rationing Decision for a Service Company Involving Four Proposals Renaissance Capital Group is considering...

Accounting