Tale LTd. has 100,000 ordinary shares of ₦1 each and 60...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Both were fully paid as shown below,
₦Profit and loss appropriation b/f10,000Net profit for the year6,000Proposed dividend on ordinary shares4,000Interim dividend6,000Goodwill written off600
The balance of the profit and loss appropriation account as at the end of the year was
₦16,000
₦10,000
₦5,400
₦1,400
Correct answer is C
No explanation has been provided for this answer.
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