A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2025 · Q181 Mark
The following information is extracted from the draft statement of financial position of a limited company at 31 December. ordinary share capital $900 000 share premium $80 000 general reserve $96 000 retained earnings (opening) $230 000 profit for the year $145000 What is the maximum amount of dividend that the limited company can declare?
A$145000
B$375000
C$471000
D$551000
✓ Correct answer
C: $471000
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