Kuh Lin Hills Plc is a company which was financed by the issue of the following...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Kuh Lin Hills Plc is a company which was financed by the issue of the following shares and debentures: $000 2000 1 000 500 2 000 000 Ordinary shares of $1 each 1 000 000 8% Preference shares of $1 each 500 000 5% Debentures of $1 each During the year ended 31 May 2007, the total distributable profits before payment of debenture interest was $300 000. The $300 000 was paid out in debenture interest and share dividends. Calculate the percentage dividend paid to ordinary shareholders. Ignore taxation. Kuh Lin Hills Plc is a company which was financed by the issue of the following shares and debentures: $000 2000 1 000 500 2 000 000 Ordinary shares of $1 each 1 000 000 8% Preference shares of $1 each 500 000 5% Debentures of $1 each During the year ended 31 May 2007, the total distributable profits before payment of debenture interest was $300 000. The $300 000 was paid out in debenture interest and share dividends. Calculate the percentage dividend paid to ordinary shareholders. Ignore taxation.
Expert Answer:
Answer rating: 100% (QA)
Percentage of dividend paid to ordinary shareholders 975 EX... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
Students also viewed these accounting questions
-
Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items? a. Supplies of relatively little value are expensed...
-
1. Which of the following is an objective of financial reporting by state and local governments as established by the GASB? Financial reporting should assist users in a. Assessing the management...
-
Which of the following is not correct concerning interferon? a. Interferon is a protective protein. b. Virus-infected cells produce interferon. c. Interferon has no effect on viruses. d. Interferon...
-
Sandys Socks makes the worlds best socks. Information for the last eight months follows: Prepare a scatter graph by plotting Sandys data on a graph. Then draw a line that you believe best fits the...
-
Premier Primer Pumps (PPP) sells sump pumps for $2,500 each. The variable costs associated with the manufacture of each pump are $1,750, and fixed operating costs are $150,000 annually. PPP normally...
-
A researcher studying the relationship between earnings and workers' sex specifies the regression model \(Y_{i}=\beta_{0}+X_{1 i} \beta_{1}+X_{2 i} \beta_{2}+u_{i}\), where \(X_{1 i}\) is a binary...
-
If a company had two units that cost \($1\) each in its beginning inventory and purchased two more units for \($2\) each, what would be the gross profit reported on the income statement under each of...
-
A researcher wishes to compare two hotels on the following attributes: Convenience of location Friendly personnel Value for money a. Design a Likert scale to accomplish this task. b. Design a...
-
Consider the CRISP data mining methodology. This contains many tasks and phases which not only flow from one to another but are also interactive. Consider a typical application such as tackling the...
-
Walmart Stores, Inc. (Walmart) is the largest retailing firm in the world. Building on a base of discount stores, Walmart has expanded into warehouse clubs and Supercenters, which sell traditional...
-
Why does a solid change to liquid when heat is added? A. The spacing between particles decreases. B. Particles lose energy. C. The spacing between particles increases. D. The temperature decreases
-
The finance manager of a fastfood restaurant is presented with an opportunity for opening a new location. The company has recently paid a consultant $50,000 for a demographic study about this new...
-
A monopolistically competitive sneaker firm is currently in long run equilibrium. Graph the firm in long run equilibrium. Be sure to label all of the curves and the profit-maximizing price and...
-
4. Say that R is a preference relation defined on X and that R is complete and transitive. Show that for all x, y X, if Py, then for any EX, either Pz or Py or both.
-
By using the definition of Laplace transform, determine {f(t)) if 153 f(t)-2 35155 12.5. . Find the inverse Laplace transform of the following function :- F(s)=- = (5-7) +5 (5 Marks/ Markah) (5...
-
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd...
-
Write our Find a formula for the nth Term of the Sequence {1,3,7,15, 31, ... } Anti = 2an +1 => an = anti-1 2 Find a formula for the nth Term of the sequence {1,4,16,64,256,... 3 anti = = 4a a = 44...
-
The Dow Jones Industrial Average reached a high of $ 7801.63 on December 29, 1997. Recall from Example 18.4 that it reached a high of $ 1003 on November 14, 1972. The Consumer Price Index for...
-
Why is it important to emphasize the existence assertion when auditing accounts receivable?
-
In which step of a sampling plan is non-statistical sampling different from statistical sampling? a. Define the characteristic of interest. b. Define the population. c. Measure the sample items. d....
-
Why is the audit team more concerned with controlling the exposure to the risk of overreliance than with the risk of underreliance? a. Only the risk of overreliance results in an incorrect audit...
-
Applying the criterion for equilibrium, derive the Clausius-Clapeyron equation.
-
A binary liquid mixture consists of \(60 \mathrm{~mol}\) per cent ethylene and \(40 \mathrm{~mol}\) per cent propylene. At \(423 \mathrm{~K}\), the vapour pressure of ethylene and propylene are...
-
The pure component vapour pressure of two organic liquids \(\mathrm{X}\) and \(\mathrm{Y}\) by Antoine equations are given by \[ \ln P_{1}^{\text {Sat }}=14.35-\frac{2942}{T+220} \] and \[...
Study smarter with the SolutionInn App