| PLC Accounts - Worked Examples | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | SOLUTION |
|---|---|---|---|---|---|---|
| Worked Example 1 | ||||||
| ABC PLC | ||||||
| Appropriation Account for the year ended 31 December Year 1 | ||||||
| £ | £ | £ | ||||
| Profit for the Year | 20000 | |||||
| Less Corporation Tax | 5000 | |||||
| 15000 | ||||||
| Add Unappropriated Profit at Start of Year | 2000 | |||||
| 17000 | ||||||
| Less | ||||||
| Ordinary Dividend | 2000 | |||||
| Preference Dividend | 4000 | 6000 | ||||
| Unappropriated Profit | 11000 | |||||
| Worked Example 2 | ||||||
| Adams PLC | ||||||
| Appropriation Account for the year ended 31 December Year 4 | ||||||
| £ | £ | £ | ||||
| Profit for the Year | 40000 | |||||
| Less Corporation Tax | 10000 | |||||
| 30000 | ||||||
| Add Unappropriated Profit | 5000 | |||||
| 35000 | ||||||
| Less | ||||||
| Interim Ordinary Dividend | 2000 | |||||
| Final Ordinary Dividend | 1000 | 3000 | ||||
| Interim Preference Dividend | 3000 | |||||
| Final Preference Dividend | 4000 | 7000 | 10000 | |||
| Unappropriated Profit | 25000 | |||||
| Worked Example 3 | ||||||
| Baldwin PLC | ||||||
| Appropriation Account for the year ended 31 December Year 1 | ||||||
| £ | £ | £ | ||||
| Profit for the Year | 50000 | |||||
| Less Corporation Tax | 12500 | |||||
| 37500 | ||||||
| Add Unappropriated Profit at start of year | 7000 | |||||
| 44500 | ||||||
| Less | ||||||
| Preference Dividend | 2000 | |||||
| Ordinary Dividend | 8000 | 10000 | ||||
| Unappropriated Profit | 34500 |