The share capital account of the company reports a balance of R500 000 reporting ordinary shares of 20 cents each. Directors have declared an interim dividend of 5 cents per share. What is the amount of the dividend to be accounted for? Select one: a. R25 000 b. R50 000 c. R125 000 d. R75 000
The share capital account of the company reports a balance of R500 000 reporting ordinary shares of 20 cents each. Directors have declared an interim dividend of 5 cents per share. What is the amount of the dividend to be accounted for? Select one: a. R25 000 b. R50 000 c. R125 000 d. R75 000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10Q: On April 2, West Company declared a cash dividend of $0.50 per share. There are 50,000 shares...
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The share capital account of the company reports a balance of R500 000 reporting ordinary shares of 20 cents each. Directors have declared an interim dividend of 5 cents per share. What is the amount of the dividend to be accounted for?
Select one:
a. R25 000
b. R50 000
c. R125 000
d. R75 000
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