Robotics Ltd issued share capital has not changed since incorporation on 1 January 2018 and consist of: 450 000 Ordinary shares issued at R1 each 75 000 12% Preference shares issued at R2 each 35 000 10% Cumulative preference shares issued at R3 each No dividends were declared in the last two financial years, but at the end of the current financial year on 31 December 2020, a dividend of 15c per ordinary share was declared. Which one of the following amounts will be the total dividend expense on 31 December 2020? 1. R67 500 2. R96 000 3. R106 500 4. R117 000

Robotics Ltd issued share capital has not changed since incorporation on 1 January 2018 and consist of: 450 000 Ordinary shares issued at R1 each 75 000 12% Preference shares issued at R2 each 35 000 10% Cumulative preference shares issued at R3 each No dividends were declared in the last two financial years, but at the end of the current financial year on 31 December 2020, a dividend of 15c per ordinary share was declared. Which one of the following amounts will be the total dividend expense on 31 December 2020? 1. R67 500 2. R96 000 3. R106 500 4. R117 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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