Paper 1 May/June 2016 Accounting (9706/11) A Level
A limited company had the following balances on 1 January 2021.
Profit for the year ended 31 December 2021 was $\$ 105000$.
The revaluation reserve, $\$ 20000$, was created two years ago from a revaluation of a property. The same property was revalued on 31 December 2021 with a revaluation loss of $\$ 35000$.
On 1 August 2021 an interim dividend, $\$ 40000$, was paid.
On 31 December 2021 a final dividend, $\$…