Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \hline \text{ordinary shares of ₦1 each} & 500,000\\ \text{8% preference shares of ₦1 each} & 200,000\\ \text{Interim dividends paid} & \\ \text{- ordinary shares} & 40,000\\ \text{-preference shares} & 12,000\\ \text{profit for the year} & 100,000\end{array}\)
If no profit is to be retained, proposed preference shares dividend is

Similar Questions

Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 p...

Capital ...................N2000 Bank ......................N1200 Purchase ..................N2500...

Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Har...

Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...

Yola Social Club  Statement of Account 1998 financial year 31/12/98: Subscription in arrears...

Acid test ratio of a firm measures the  ...

The details of the share capital which a company is authorized to issue is contained in the ...

Provision for bad and double debts in companies final accounts is treated in? ...

Which of the following items is not shown in the Trial Balance ...

Accrual accounting differs from cash accounting because it recognizes ...