Question

Hubba Ltd has provided the following details for the year ending March 31, 2022: Ordinary shares at $0.75 Retained earnings General reserves 4% Preference shares @ $1.00 Share premium Additional notes: $ 500,000 20,300 72,300 160,000 34,000 • The company made a profit after tax of $127,400. • The directors agreed at year end to honour the final preference share dividends. • A transfer of $55,000 is to be made to general reserve. Calculate the total equity at the end of March 2022. a. $962,600 b. $766,600 c. $852,600 d. $907,600

          Hubba Ltd has provided the following details for the year ending March 31, 2022:

Ordinary shares at $0.75
Retained earnings
General reserves
4% Preference shares @ $1.00
Share premium
Additional notes:
$ 500,000
20,300
72,300
160,000
34,000
• The company made a profit after tax of $127,400.
• The directors agreed at year end to honour the final preference share dividends.
• A transfer of $55,000 is to be made to general reserve.
Calculate the total equity at the end of March 2022.
a. $962,600
b. $766,600
c. $852,600
d. $907,600

Hubba Ltd has provided the following details for the year ending March 31, 2022:

Ordinary shares at 0.75
Retained earnings
General reserves
4% Preference shares @ $1.00
Share premium
Additional notes: 500,000
20,300
72,300
160,000
34,000
• The company made a profit after tax of 127,400.
• The directors agreed at year end to honour the final preference share dividends.
• A transfer of55,000 is to be made to general reserve.
Calculate the total equity at the end of March 2022.
a. 962,600
b.766,600
c. 852,600
d.907,600

Added by Scott D.

Question

Please give Ace some feedback