U1 Booklet 2 Activities Solutions (PLCS).xlsx - 1.48-1.49

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1.48 Unnamed: 1 Unnamed: 2 Unnamed: 3 Unnamed: 4 Unnamed: 5 Unnamed: 6
Best PLC
Appropriation Account for the year ended 31 December Year 2
£ £ £
Profit for the Year 40000
Less Corporation Tax 10000
30000
Add Unappropriated Profit 10000
40000
Less
Preference Dividend 1500
Ordinary Dividend 10000 11500
Unappropriated Profit 28500
1.49
Billings PLC
Appropriation Account for the year ended 31 December Year 3
£ £ £
Profit for the Year 75000
Less Corporation Tax 18750
56250
Add Unappropriated Profit 25000
81250
Less
Preference Dividend 4000
Ordinary Dividend 3000 7000
Unappropriated Profit 74250