A company provided the following information for the financial year ended 31 December.
During the year a bonus issue of one ordinary share for every five ordinary shares was made.
t is the company’s policy to keep its reserves in the most flexible form.
A dividend of $0.15 per share was paid during the year on all ordinary shares held on 1 January.
What was the profit for the year?
1 )
＄115 000
2 )
＄140 000
3 )
＄165 000
＄190 000
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