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Use the following information to answer questions 1 to 3 Take LTD has 100,000 ordinary...

Use the following information to answer questions 1 to 3
Take LTD has 100,000 ordinary shares of #1 each and 60,000 5% preference shares of #1 each
#
Profit & loss a/c 10,000
Net profit 6,000
Proposed dividend
on ordinary shares 4,000
Interim dividend 6,000
Goodwill written off 600
1 The balance of the profit and loss appropriation account at the end of the year was...
2 The authorised share capital of Take Ltd is...?
In University of Lagos
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Asked by Juwon Bada on 29th July, 2020
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995