QUESTION 1:
Trail Ltd’s issued share capital has not changed since incorporation on 1 January 2020,
and consists of:
400 000 Ordinary shares (issued at R2 each)
150 000 9% Preference shares (issued at R2 each)
180 000 10% Cumulative preference shares (issued at R3 each)
No dividends were declared in the previous two financial years, but at the end of the
current financial year on 31 December 2023, a dividend of 15c per ordinary share was
declared.
REQUIRED:
Which one of the following amounts will be the total dividend expense
on 31 December 2023?
1.
R250 500
2.
R150 000
3.
R141 000
4.
R249 000
Clear my choice
Ordinary dividned (400 000 x 0,15) 60 000
9% preference shares (150 000 x R2 x 9%) 27 000
10% preference shares (180 000 x R3 x 10% x 3 years) 162 000
249 000
Question 2
Not yet answered
Marked out of 2.00
Flag question
Question text
QUESTION 2:
Trail Ltd’s issued share capital has not changed since incorporation on 1 January 2020,
and consists of:
400 000 Ordinary shares (issued at R2 each)
150 000 9% Preference shares (issued at R2 each)
180 000 10% Cumulative preference shares (issued at R3 each)
No dividends were declared in the previous two financial years, but at the end of the
current financial year on 31 December 2023, a dividend of 15c per ordinary share was
declared.
REQUIRED:
Which one of the following amounts will be the total dividend expense
on 31 December 2023?
1.
R250 500
2.
R150 000
3.
R141 000
4.
R249 000
Clear my choice
Ordinary dividned (400 000 x 0,15) 60 000
9% preference shares (150 000 x R2 x 9%) 27 000
10% preference shares (180 000 x R3 x 10% x 3 years) 162 000
249 000
Question 2
Not yet answered
Marked out of 2.00
Flag question
Question text
QUESTION 2:
