HA2032 – Corporate and Financial Accounting
Question 1 The following data relates to ABC Ltd: Profit for the year ended 30 June 20X1, $500,000. On 31 March 20X1, the directors decided to pay an interim cash dividend of $100,000. On 7 April 20X1, the interim dividend was paid. For final dividends, the company’s constitution provides that the directors can recommend a dividend to be subsequently declared by a resolution of the members in a general meeting. The directors recommended a final dividend of $250,000 to be paid. The shareholders accepted the final dividend at the annual general meeting, and payment was made on 14 September 20X1. Required: Prepare journal entries to record the above dividend payments. Prepare the retained profits general ledger account. Question 2 Adelaide…
DetailsWarning: sprintf(): Too few arguments in /home/indivdvy/myassignmentguru.com/wp-content/themes/dt-the7/inc/helpers/html-helpers.php on line 353