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  3. find the dividends paid and proposed.use note 9 to

Find the dividends paid and proposed.use note 9 to answer and show workings. ...

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Accounting

Find the dividends paid and proposed.
use note 9 to answer and show workings.
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McKie Ltd has presented you with the following balances for The following additional information is available: 1. At September 30,2023 closing inventory was $32,000 2. The Accountant has determined that the estimate for the provision for bad debts at September 30, 2023 is 10% of debtors. 3. At the end of the period it was discovered that one employee was owed $2,000 in salaries while another was overpaid by $4,000. Additionally insurance prepaid was $300 4. The following appropriation of the expenses must be made 5. On June 1,2023 the company rented some of its office space to Breezy Ltd. At that date Breezy Ltd paid rent covering the next nine months. 7. Goodwill impairment was estimated to be 20%. 8. Corporation tax is estimated to be $42,000 9. The directors proposed on September 20,2023 to pay the final preference dividends. At a board of directors meeting on October 19, 2023 the directors evaluated the performance of the business over the past financial year and proposed to pay a further 6% ordinary dividend

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