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On 1 January NH Limited was formed with the issue of 200000 ordinary shares of N...
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On 1 January NH Limited was formed with the issue of 200000 ordinary shares of N$0.50 each. During the first year it made a profit of N$21000. A dividend of N$0.02 per share was paid and $10 000 was transferred to general reserve. What was the total of reserves on 31 December?
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