Question 1 of 3Company accounts - share capital and redemption
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Green Limited has 60,000 4% redeemable preference shares of $1 each. On 30 May 2015 a full year's preference share dividend was declared and paid. Calculate the amount of the preference dividend.
Green Limited had 140,000 ordinary shares of $1 each in issue. On 30 June 2015 it made a rights issue of one new ordinary share for every ten ordinary shares held, at a price of $1.60 per share. Calculate the total cash proceeds from the rights issue.
Green Limited had 60,000 4% redeemable preference shares of $1 each. On 30 June 2015 it redeemed 25% of these preference shares at a premium of 10%. What amount in total was paid to redeem the shares?
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