A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2025 · Q191 Mark
A company's statement of financial position included the following details. bank (debit balance): $300 000 ordinary share capital: $1000 000 share premium: $200 000 revaluation reserve: $100 000 general reserve: $100 000 retained earnings: $400 000 What is the maximum total dividend that the directors can propose?
A$300 000
B$400 000
C$500 000
D$700 000
✓ Correct answer
C: $500 000
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