A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2020 · Q171 Mark

Information relating to W Limited for the year ended 31 December 2019 was as follows: $ retained earnings at 1 January 2019 22000 profit from operations 83 000 dividend paid 20000 dividend proposed 15000 bank loan interest 16000 What was the amount of retained earnings at 31 December 2019?

A$32000

B$47000

C$54 000

D$69 000

✓ Correct answer

D: $69 000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 17.

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Information relating to W Limited for the year ended 31 December 2019 was as follows: $ retained earnings at 1 January 2019 22000 profit from operations 83 000 dividend paid 20000 dividend proposed 15000 bank loan interest 16000 What was the amount of retained earnings at 31 December 2019?

✓ Correct answer

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