Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Both were fully paid as shown below,

\(\begin{array}{c|c} & ₦\\ \text{Profit and loss appropriation b/f} & 10,000\\ \text{Net profit for the year} & 6,000\\ \text{Proposed dividend on ordinary shares} & 4,000\\ \text{Interim dividend} & 6,000\\ \text{Goodwill written off} \\ 600\end{array}\)

The authorized capital of Tale Ltd is

Similar Questions

Use the following information to answer the given question \(\begin{array}{c|c} \text{Motor veh...

If stationery bought for N200 has been entered as N2000. To correct this error? ...

Which of the following is true in Public sector accounting? Cost of assets is ...

i) Stock of goods ii) Furniture  iii)Creditors iv) Cash at bank v) Loan from the bank De...

Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...

The 5% discount shown above indicates ...

An item in the balance sheet of a limited liability company is ...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...

Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000...

Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of #1.50k. Application...