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i have doubt in past question paper called tabba its cashflow question
doubt is about dividend as retaining earning at start of year 850 and profit of the year 100ds and retaining earning end of the year is 2550 so dividend should be 1600 (2550-950) but they not taken any dividend in these question
pvt companies doesnt pay dividends? as in question starting its written its pvt company
Private companies DO pay dividends
Please look at your figures again
Those that you have posted don’t make sense (what is 100ds)
(they suggest that a dividend has been received by the company from the shareholders!)
Sorry i didn’t realise typo mistake the figure of profit is 100 only i hope it make sense now
Ok, I accept that 100ds is in fact $100
850 brought forward + 100 retained for the year = 950. But you reckon the carried forward amount is 2,250
That’s impossible unless the shareholders have paid a dividend to the company and that is an outrageous assumption.
I have to apologise again and ask you to please tell me the retained earnings figure brought forward, the retained earnings figure carried forward and the figure for profit after tax from the bottom of the statement of income
retained earning brought forward =850 retained earning carried forward 2550 and profit of the year 100
That’s impossible – or I’m not being given all relevant information
Hopefully I’ll get my hands on an exam kit that includes this old question tomorrow.
Meanwhile, post again on this same thread so I can see that this is an issue still outstanding
i have soft copy of lsbf rk dec14 i can give you screenshot from there if its not against the rules dis question is also there in old bpp rk 2012d
and i tried to check the question again if i am missing the relevant information but couldnt get any again
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