A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2019 · Q161 Mark

During the year a business issued $1 ordinary shares at $1.20 each. The directors proposed a final dividend at the end of the year. Which balances in the statement of changes in equity were affected by these transactions?

Aordinary share capital ✓, share premium ✓, general reserve , retained earnings ✓

Bordinary share capital , share premium ✓, general reserve , retained earnings ✓

Cordinary share capital ✓, share premium , general reserve ✓, retained earnings ✓

Dordinary share capital ✓, share premium ✓, general reserve , retained earnings

✓ Correct answer

A: ordinary share capital ✓, share premium ✓, general reserve , retained earnings ✓

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.

About this question

Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2019 Paper 1 Variant 2, question 16.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

During the year a business issued $1 ordinary shares at $1.20 each. The directors proposed a final dividend at the end of the year. Which balances in the statement of changes in equity were affected by these transactions?

✓ Correct answer

Practise more questions on this topic

About this question

Related Accounting questions