Trail Ltd$$s issued share capital has not changed since incorporation on $1$ January $2020,$ and consists of:

$400000$ Ordinary shares $($issued at R$2$ each$)$

$1500009\%$ Preference shares $($issued at R$2$ each$)$

$18000010\%$ Cumulative preference shares $($issued at R$3$ 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 $15$c per ordinary share was declared.

 

 

REQUIRED:

Which one of the following amounts will be the total dividend expense on $31$ December $2023?$

Answer rating: 100% (QA)

To calculate the total dividend expense on December 31 2023 we need t... View the full answer