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4 marksLimited Liability Companies

CSEC Principles of Accounts · January 2013 · Paper 2 · Question 7(c)(i)b)

Calculate the Dividend rate (percentage) for ordinary shareholders for MMC Company Ltd.

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Other parts of this question

  1. 7(a)(i)Prepare the journal entry to record the issue of the shares.[5 marks]
  2. 7(a)(ii)State ONE difference between ordinary shares and preference shares.[1 mark]
  3. 7(b)Prepare a statement of MMC Company Ltd's Profit and Loss Appropriation Account for the year ended 31 December 2012.[6 marks]
  4. 7(c)(i)a)Calculate the Return on the capital invested at 1 January 2012 for MMC Company Ltd.[2 marks]
  5. 7(c)(ii)Compare your calculated return on capital invested and ordinary dividend rate to the industry averages (30.82% and 10.5%), and write a statement on MMC's…[2 marks]

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