Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

A limited company’s financial year finishes on 30 June. The information below concerns ordinary dividends. For the year ended 30 June 2019: dividend proposed $12000$ For the year ended 30 June 2020: dividend proposed $19000$ In the year ended 30 June 2020, the company paid the previous year’s proposed dividend in full, as well as an interim dividend of $4300$. What amount of dividends is reported in the financial statements for the year ended 30 June 2020?

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