A-LevelAccountingPreparation of financial statements9706/12 · May/June 2013 · Q201 Mark

An extract from a statement of financial position is as follows. [Table: ordinary share capital 50000, general reserve 10000, retained earnings 4000, 10% debentures 20 000] What is the value of the shareholders' funds?

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A$50000

B$54000

C$64 000

D$80000

✓ Correct answer

C: $64 000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2013 Paper 1 Variant 2, question 20.

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An extract from a statement of financial position is as follows. [Table: ordinary share capital 50000, general reserve 10000, retained earnings 4000, 10% debentures 20 000] What is the value of the shareholders' funds?

✓ Correct answer

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