The Accounts for Mark Ltd for the Last Financial Year

Multiple Choice

The accounts for Mark Ltd for the last financial year show preference dividends paid amounted to £12,000, and ordinary dividends of £30,000 were paid. If the company has issued 4% preference shares of £1 each, how many preference shares have been issued?

A) 120,000
B) 600,000
C) 300,000
D) 480,000