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(Solved): The following balances regarding the issued shares were extracted from the accounting records of Moo ...
The following balances regarding the issued shares were extracted from the accounting records of Moodley Ltd for the year ended 28 February 2025: \table[[500000 Ordinary shares,R],[100000 12% Preference shares,1500000]] Moodley Ltd was incorporated with the following authorised share capital: 2000000 Ordinary shares 500000 12% Preference shares On 1 November 2024 the shareholders authorised an additional 50000 12% preference share issue to the public at R2 per share. Dividends on ordinary shares, at 10 c per share, should still be provided for. No dividends were declared or paid during the previous financial year. Required: The dividend on
12%preference shares at 28 February 2025 will be?
