U1 Booklet 2 Activities Solutions (PLCS).xlsx - 1.45-1.47

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1.45 Unnamed: 1 Unnamed: 2 Unnamed: 3 Unnamed: 4 Unnamed: 5 Unnamed: 6
Abacus PLC
Appropriation Account for the year ended 31 December Year 2
£ £ £
Profit for the Year 15000
Less Corporation Tax 3500
11500
Less
Ordinary Dividend 3000
Preference Dividend 2000 5000
Unappropriated Profit 6500
1.46
Acorn PLC
Appropriation Account for the year ended 31 December Year 3
£ £ £
Profit for the Year 18000
Less Corporation Tax 4500
13500
Less
Interim Ordinary Dividend 1000
Final Ordinary Dividend 3000
Interim Preference Dividend 2000
Final Preference Dividend 6000 12000
Unappropriated Profit 1500
1.47 Affleck PLC
Appropriation Account for the year ended 31 December Year 5
£ £ £
Profit for the Year 15000
Less Corporation Tax 3750
11250
Add Unappropriated Profit 20000
31250
Less
Interim Ordinary Dividend 2000
Final Ordinary Dividend 3000
Interim Preference Dividend 1000
Final Preference Dividend 2000
Transfer to General Reserve 10000 18000
Unappropriated Profit 13250