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The retained profit will be impacted by the dividend paid. Dividend paid per share is Rs.0.05. No. of original shares = Share capital/face value = 250000/10 = 25,000 Shares issued under Rights Issue = in the ratio of 1:1 i.e. 25000 additional shares for which the amount will be added in Share Capital at Rs. 10 each and Share Premium account for excess amount i.e Rs.3 each. For the dividends total no. of shares = 25000+25000 = 50,000 Dividend paid = 50000*0.05 = Rs.2500 Retained profits = opening balance – dividend paid = 100,000 – 2500 = 97,500
Regarding the Konark Sun Temple, consider the following statements:
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