cameroon gce A level June 2019 commerce and finance 2

cameroon gce A level June 2019 commerce and finance 2

cameroon gce A level June 2019 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

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