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In the year to 31 December 20X6, Vine had the following capital structure:
400,000 equity share of 25p each $100,000
Share premium account $ 50,000
During the year, Vine paid an equity dividend of 45p per share. What is the total dividend paid?
I’ll happily answer the question for you when you show me that you’ve tried to answer it first. What answer did you get? It then helps me explain where you have gone wrong.
If you give the question a go then I’ll gladly help out.