Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted...

 

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Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks Jagger ple prepares its financial statements for the year ended 31 March. The company has extracted the following trial balance at 31 March 2017: £000 £000 6% Preference Shares (redeemable 2020) Trade payables Trade receivables 10,250 8,120 9,930 Accumulated depreciation at 1 April 2016: Plant & Equipment 6,460 1,670 Vehicles Administrative expenses Bank 16,141 456 Purchases returns 106 Distribution costs 9,060 5,800 Dividends paid Dividends received 850 Equity shares, 20p each, fully paid Dividend paid on Preference Shares Inventories at 1 April 2016 Investments non-current 19,000 615 4,852 15,000 Plant & equipment, at cost Proceeds from issue of share capital Provision for doubtful debts at 1 April 2016 Purchases 27,315 1,500 600 94,160 Retained earnings at 1 April 2016 Sales 13,677 125,900 Taxation 4 Vehicles, at cost 5,720 £188,593 £188,593 The following further information is available. 1. Non-current assets are to be depreciated as follows: Plant & equipment 20% per annum straight-line Vehicles 25% per annum reducing balance 2. An invoice for telephone charges for the quarter ended 1 May 2017 for £15,000 was received by the company after the above trial balance was extracted. Telephone expenses are included in administrative expenses. 3. The company paid £156,000 insurance premiums for the year 1 November 2016 to 30 October 2017. This amount is included in administrative expenses. 4. The closing inventory at 31 March 2017 was £5,180,000. 5. Subsequent to drawing up the trial balance, the company has been informed that a major customer owing £348,000 has gone into administration, and Jagger ple will receive only 25% of the amount owing. Jagger ple has also decided to change its provision for doubtful debts to 5% of the remainder of receivables balances. 6. Tax due for the year to 31 March 2017 is estimated at £30,000. The taxation balance in the trial balance relates to an overestimate of the tax charge in the year ended 31 March 2016. 7. On 1 October 2016, Jagger ple issued 5,000,000 20p equity shares at a premium. The proceeds were credited to the 'Proceeds from the issue of share capital account'. 8. The Directors have proposed a final equity dividend for the year ended 31 March 2017 div of 5p per share payable in May 2017. Required: (a) Prepare Jagger ple's (£000s to one place of decimals): i. Income Statement for the year ended 31 March 2017. (10 marks) ii. Statement of Changes in Equity for the year ended 31 March 2017. (4 marks) ii. Statement of Financial Position at 31 March 2017. (10 marks) (b) Explain, and justify, the different treatments of preference shares and equity and the related dividends in the financial statements. (6 marks) Total 30 marks

Answer rating: 100% (QA)

Q1 b Explain justify the different treatement of preference shares and Equity and the related dividends in the financial statements Preference shares ... View the full answer