9706/11 Accounting Oct Nov 2021 Online Test | Cambridge AS and A Level MCQ

M Limited has the following balances at 1 January 2021.
During the year ended 31 December 2021:
1 an interim dividend of $\$ 0.02$ per share was paid
2 there was a transfer of $\$ 20000$ to the general reserve.
For the year ended 31 December 2021, the company made a profit for the year of $\$ 80000$.
What is the maximum additional dividend payable per ordinary share for the year ended 31 December…