Garden Gloves has issued 50000 ordinary shares of 50 cents each and 20000 7% preference...
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Accounting
Garden Gloves has issued 50000 ordinary shares of 50 cents each and 20000 7% preference shares of $1 each. Its profit after taxation for the year to 30 September 2020 were $8400. The management board has decided to pay ordinary dividend of 50% of profit after tax and preference dividend. Show the amount in total of dividend and of retained profits.
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