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Homework answers / question archive / The financial year of Al Muscat corporation ends on 31 December every year
The financial year of Al Muscat corporation ends on 31 December every year. The company has issued fully paid up 300,000 Ordinary shares of OMR 1.500 each. On 1 July 2019, the directors declared an interim dividend of 3% on its ordinary shares which was paid on 5th July 2020. Calculate the amount of interim dividend.
a.
OMR 300,000
b.
OMR 13,500
c.
OMR9000
d.
OMR 450,000
Interim Dividends= 300000 *1.5 * 3%= 13500
Option B , OMR 13500 is the correct amount of Interim Dividends.
