A-LevelAccountingUsers of Financial StatementsFeb/Mar 2024Paper 1 Q201 Mark
Jim is a manager in a limited company. He also owns a few of its shares. Why has he been looking at its most recent financial statements?
Ato discover the profit made by his department as he might receive a bonus
Bto find out if the company made a profit, making his job more secure
Cto know if dividends will increase over the next five years, improving his income
Dto see if the company has a good reputation, increasing the value of his shares
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of users of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep