The issued share capital of Rahman Ltd was as follows: 1,000,000 1 ordinary shares 300,000

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The issued share capital of Rahman Ltd was as follows:

● 1,000,000 £1 ordinary shares

● 300,000 £1 7% preference shares.

Profits for the year were £64,140 and the retained earnings from the last statement of financial position were £87,554. The preference dividends were paid in full and the directors proposed and paid an ordinary dividend of 4p per share.

Construct the statement of changes in equity.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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