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A company has 25,000,000, equity shares at a nominal value of 5.00 each and 50,0005%...

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Accounting

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A company has 25,000,000, equity shares at a nominal value of 5.00 each and 50,0005% preference shares at a nominal value of 2.50 each. The directors paid a dividend of 10p per equity share in the year and are going to propose an equity dividend of 5p per share at the AGM. The total amount to be included as a distribution from reserves in the year is: Multiple Choice 3,756,250. 506,250. 2,506,250. 756,250

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