O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2023 · Q351 Mark

Jack is a shareholder in a company. He received the company's financial statements. Why did he find the financial statements relevant?

AHe was confident that they did not contain errors.

BThe financial information was clearly presented.

CThe same depreciation methods had been used as in previous years.

DThey confirmed his expectations about the future of the company.

✓ Correct answer

D: They confirmed his expectations about the future of the company.

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 35.

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