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What is the amount of proceeds from borrowings

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Question - The following information has been extracted from the financial statements of Queen Ltd for the year ended 30 June 2020.

 

2020($)

2019($)

Borrowings

180,000

120,000

Share capital

200,000

180,000

Asset revaluation surplus

60,000

40,000

Retained earnings

100,000

30,000

Dividend payable

8,000

4,000

Additional information:

Borrowings of $10 000 were repaid during the year ended 30 June 2020.

The increase in share capital includes $10 000 arising from the company's dividend reinvestment scheme.

Queen Ltd made a profit after tax of $120 000 for the year ended 30 June 2020.

Queen Ltd declared $50 000 of dividends during the year ended 30 June 2020.

Required -

a) What is the amount of "proceeds from borrowings" during the year ended 30 June 2020?

b) What is the amount of "proceeds from share issue" during the year ended 30 June 2020?

c) What is the amount of "dividends paid" during the year ended 30 June 2020?

Reference no: EM132742615

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