Which one of the following amounts will be the total dividend expense on 31 December 2020?
Which one of the following amounts will be the total dividend expense on 31 December 2020?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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%
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
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