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Dear tutor, which one is correct and why? My answer is 30000*7%+100000*0,05=7100
Magic Co had the following share capital in issue for the year ended 31 December 20X1
7% $1 lrredeemable preference shares $30,000
5% $1 Redeemable preference shares 560,000
$1 Ordinary shares $100,000
Magic Co paid all the preference dividends owed and also paid an interim ordinary dividend of $0,05 per share during the year.What should be shown as dividends paid in the statement of change in equity?
A 6500
B 8,000
C 5,000
D 10,100
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