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Non preference share

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Non preference share

Viewing 3 posts - 1 through 3 (of 3 total)
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  • December 1, 2015 at 6:09 pm #286802
    seanog91
    Member
    • Topics: 83
    • Replies: 54
    • ☆☆

    Hi,

    If working out the preference dividend on 5% 50c Preference Shares and the balance on the FS is 345,000, why do we not divide the preference shares by .5 to get the total number of shares to calculate the dividend?

    Thanks

    December 1, 2015 at 6:10 pm #286803
    seanog91
    Member
    • Topics: 83
    • Replies: 54
    • ☆☆

    Title is supposed to read Preference Share and Not “Non Preference shares”

    December 1, 2015 at 6:32 pm #286814
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22714
    • ☆☆☆☆☆

    I think that if you divide $345,000 by .5, you get to $690,000 and I don’t believe that that is correct as a 5% dividend.

    Do you?

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