XPN Limited has a share capital of £75 000, split into shares of 20p each.The company has just paid a dividend of £3750.What is the amount of share capital to be included in XPN's statement of financial position?

Question

Quizplus · Accepted Answer

The amount of share capital included in the statement of financial position is the total amount of shares issued multiplied by the nominal value per share. In this case, the share capital is £75,000 as stated in the question. The dividend payment is irrelevant to the calculation of share capital.

XPN Limited Has a Share Capital of £75 000, Split