O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2017 · Q261 Mark
The issued share capital of CD Limited consists of ordinary shares. Retained earnings were $86000 on 1 September 2016 and $88500 on 31 August 2017. The company made a profit during the year of $26000 and made a transfer to general reserve of $5000. What was the total ordinary share dividend paid during the year?
A$18500
B$23 500
C$28 500
D$33500
✓ Correct answer
A: $18500
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