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

In the absence of a partnership agreement, a loan given to the partnership by a partner attracts int...

Use the information below to answer the question.    Total P Q ...

The following transactions were recorded in the cash book of Ibusah for the month of February 2019: ...

Transfers from the head office to branches are best carried out at? ...

In government imprest system the amount reimbursed is the ...

Which of the following is not a method of depreciating fixed assets? ...

The vote book in Public Sector Accounting is used to ...

In accounting context, purchases refer to ...

Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...

Net loss.......................N2300 Capital........................N10500 Liabilities...............