assume that the company paid the maximum legal dividend each year under normal circu 535102

Iqbal Ltd started trading on 1 January 2006. During the first five years of trading, the following occurred:

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Year ended
31 December

Trading
profit/(loss)
£

Profit/(loss) on sale of
non-current assets
£

Upward revaluation of
non-current assets
£

2006

(15,000)

–

–

2007

8,000

–

10,000

2008

15,000

5,000

–

2009

20,000

(6,000)

–

2010

22,000

–

–

Required :

Assume that the company paid the maximum legal dividend each year. Under normal rcumstances, how much would each year”s dividend be?

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