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A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2019 · Q181 Mark

A company's year end is 31 December. During the year ended 31 December 2018 it paid the following dividends: $ final dividend for the year ended 31 December 2017 15000 interim dividend for the year ended 31 December 2018 8000 On 1 February 2019 it declared a final dividend of $10000 for the year ended 31 December 2018. How much should be recorded for dividends in the statement of changes in equity for the year ended 31 December 2018?

A$8000
B$18000
C$23000
D$33000

✓ Correct answer

C: $23000

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About this question

Topic
Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 18.

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