O-LevelAccountingPreparation of financial statements7707/12 · May/June 2016 · Q231 Mark
A limited company provided the following information. issued share capital – 50000 ordinary shares of $1 each $50000 profit for the year ended 30 April 2016 $13000 transfer to general reserve on 30 April 2016 $6000 interim ordinary share dividend paid during the year $3000 On 30 April 2016 it was decided to use the remaining profit to pay a final ordinary share dividend. What percentage final dividend would the ordinary shareholders receive?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A8%
B14%
C20%
D26%
✓ Correct answer
A: 8%
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