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A company, whose financial year end is 31 December, is authorised to issue 1 500...

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Accounting

A company, whose financial year end is 31 December, is authorised to issue 1 500 000 12% Redeemable preference shares of no par value. It has 500 000 shares in issue for R1 000 000. On 30 June 2020, the directors declared an interim dividend on these shares. Calculate the amount of the interim preference dividend declared: R120 000 R180 000 R60 000 R90 000 R30 000

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