Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

A limited company was given the following information: - issued share capital (50000 ordinary shares of $1 each): $50000 - profit for the year ended 31 December 2022: $13000 - amount transferred to general reserve during the year: $6000 - interim ordinary share dividend paid during the year: $3000 On 31 December 2022, the decision was taken to use the remaining profit to pay a final ordinary share dividend. What percentage final dividend would the ordinary shareholders receive?

  • A8%
  • B14%
  • C20%
  • D26%

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