CD Limited’s issued share capital is made up of ordinary shares. Retained earnings stood at $86000 on 1 September 2020 and at $88500 on 31 August 2021. Over the year, the company earned a profit of $26000 and transferred $5000 to general reserve. What total ordinary share dividend was paid during the year?
- A$18500
- B$23500
- C$28500
- D$33500