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

Preparation of financial statements — practice question

The equity of X Limited on 30 June 2021 was made up of the following: - Share capital $600000 - Share premium $100000 - Revaluation reserve $90000 - General reserve $50000 - Retained earnings $80000 What is the largest total dividend that could be distributed to shareholders?

  • A$80000
  • B$130000
  • C$220000
  • D$320000

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