Revenues (-) Cost of Goods sold (-) Other expenses The income tax-rate is 20%. 400000 100000 60000 300000 120000 210000 In addition, consider the following facts: • The share capital of the ABC Corporation at the year ended at 31 December 20X0 was 10000. The retained earnings of the ABC Corporation at the year ended at 31 December 20X0 were 6000. • Reserves of the ABC Corporation at the year ended at 31 December 20X0 were 100000. During 20X1 ABC Corporation declared and paid a dividend of 6000. • During 20X2 ABC Corporation increased its share capital by capitalism existing reserves of 10000. On the basis of the above information answer Questions 1-4.

Revenues (-) Cost of Goods sold (-) Other expenses The income tax-rate is 20%. 400000 100000 60000 300000 120000 210000 In addition, consider the following facts: • The share capital of the ABC Corporation at the year ended at 31 December 20X0 was 10000. The retained earnings of the ABC Corporation at the year ended at 31 December 20X0 were 6000. • Reserves of the ABC Corporation at the year ended at 31 December 20X0 were 100000. During 20X1 ABC Corporation declared and paid a dividend of 6000. • During 20X2 ABC Corporation increased its share capital by capitalism existing reserves of 10000. On the basis of the above information answer Questions 1-4.

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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