Homework Answers
Among the list, 3 items will not be included in the actual liabilities:
1. Dividend in arrears on preference shares since it has not yet been declared
2. Share dividend payable since dividend is paid out of profits
3. Reserve for contingencies since it is a reserve.
So when you add up all the other items, u get 367.500.
The answer is option A. 367,500.
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