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Hello Sir, this question is from PYQ DEC2010 Q2
“The dividend of 3 cents per share paid on 30 November 2009 would have been based on 200 million shares and
been $6 million. The dividend of 5 cents per share paid on 31 May 2010 would have been based on 250 million
shares and been $12·5 million. Therefore the total dividends paid, incorrectly included in administrative expenses, were
$18·5 million.”Why the last year(30 Nov 2009) Div paid that incorrect included in administrative exp , is corrected in the current year but not last year P&L account?
30 Nov 2009 should be last year, year-end, right?
Thank you.
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