Ignore currency symbols. Ignore workings. Show ALL amounts as positive whole numbers. Failure to follow these instructions may result in lost marks. ABC Ltd ("ABC") is a company which sells widgets to the general public. ABC's financial year- end is 30 June. The following additional information was provided to you: 1. The number of issued shares at 1 July 2020 amounted to 13702 and was issued at an average price of 25 per share. 2. The opening balance of Retained Earnings amounted to 850667 3. On 1 September 2020, ABC issued 9225 number of shares to the public at 67 per share. 4. Share issue costs amounted to 8709 5. On 1 December 2020, ABC declared an interim dividend of 12747. The payment was made on 15 January 2021. 6. On 30 June 2021, a final dividend of 39506 was declared. 7. Profit before tax amounted to 1919349 and taxable income was 95% of profit before tax. You are required to calculate the following balances as at 30 June 2021: 1. Share Capital closing 2. Total dividend for the year 3. Retained Earnings closing balance

Ignore currency symbols. Ignore workings. Show ALL amounts as positive whole numbers. Failure to follow these instructions may result in lost marks. ABC Ltd ("ABC") is a company which sells widgets to the general public. ABC's financial year- end is 30 June. The following additional information was provided to you: 1. The number of issued shares at 1 July 2020 amounted to 13702 and was issued at an average price of 25 per share. 2. The opening balance of Retained Earnings amounted to 850667 3. On 1 September 2020, ABC issued 9225 number of shares to the public at 67 per share. 4. Share issue costs amounted to 8709 5. On 1 December 2020, ABC declared an interim dividend of 12747. The payment was made on 15 January 2021. 6. On 30 June 2021, a final dividend of 39506 was declared. 7. Profit before tax amounted to 1919349 and taxable income was 95% of profit before tax. You are required to calculate the following balances as at 30 June 2021: 1. Share Capital closing 2. Total dividend for the year 3. Retained Earnings closing balance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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