20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

chapter 13 – lecture clip 3

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 7, 2022 at 3:58 pm #648241
johnbriane
Member
- Topics: 170
- Replies: 160
sir in this chapter of the lecture 3 when calculating the dividend per share im not sure on how did we arrive at $600,000 ?
thank you
February 8, 2022 at 7:53 am #648269
John Moffat
Keymaster
- Topics: 57
- Replies: 54654
It is not $600,000, it is 600,000 shares.
The nominal value of the shares on the SOFP is $60,000. The shares have a nominal value of $0.10 per share. Therefore there are 60,000 / 0.10 = 600,000 shares.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.