Dear tutor, which one is correct and why? My answer is 30 000 x 7% + 100 000 x 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