The retained earnings of Volga plc at 1 March 2020 were £450,550. The retained earnings at 28 Febuary 2021 were £875,000. The pofit for the year is £581,450. What was the total dividend paid by Volga plc during the year?

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 17PB: Using the following Company X information, prepare a Retained Earnings Statement: Retained earnings...
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The retained earnings of Volga plc at 1 March 2020 were £450,550. The retained earnings at 28 Febuary 2021 were £875,000. The pofit for the year is £581,450.

What was the total dividend paid by Volga plc during the year?

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