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What is the maximum dividend the company could pay

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Reference no: EM133171223

Question - LogiSmart Ltd started trading in 2020 with 250,000 share capital at $1.50. The company made a profit for the year 2020 of $80,000. In 2021, it made a loss of $45,000. What is the maximum dividend the company could pay at the end of 2021, assuming that no dividends were paid, and there are no other changes in the owners' equity section in 2020?

Reference no: EM133171223

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