cameroon gce A level June 2018 commerce and finance 2
cameroon gce A level June 2018 commerce and finance 2
Goldsmith Plc, a giant company manufacturing textile product is intended to raise more capital. The accountant reveal the capital structure to the General manager as:
1,000 Debentures of 20, 000 FCFA each at 8%.
16,000 ordinary shares of 10,000 FCFA each
5,000 preferences share of 15,000 fcfa each at 10%
Profit of the year ended stood at 17,000 FCFA.
determine
1. the interest of debentures
2. the dividend of preference shares
3. the Dividend of ordinary shares
