A-LevelAccountingPreparation of financial statements9706/12 · May/June 2014 · Q201 Mark

Which shares are entitled to have arrears of dividend carried forward to future years?

Acumulative preference shares

Bnon-cumulative preference shares

Cordinary shares

Dredeemable shares

✓ Correct answer

A: cumulative preference shares

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.

About this question

Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2014 Paper 1 Variant 2, question 20.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Preparation of financial statementsFeb/Mar 20171m

The draft financial statements of a business show a profit for the year of $64000 before taking account of the follow…

Preparation of financial statementsFeb/Mar 20171m

The table shows transactions relating to a product during July. There was no opening inventory. Purchased: 50 units …

Preparation of financial statementsFeb/Mar 20171m

Why is goodwill adjusted in the books of account when a new partner is admitted?

Analysis and communication of accounting informationFeb/Mar 20161m

What is measured by the return on capital employed ratio?

Analysis and communication of accounting informationFeb/Mar 20161m

The following ratios have been calculated for two businesses, both with the same revenue of $100000. X Y gross margin…

Traditional costing methodsFeb/Mar 20161m

A production centre uses 20000 machine hours and 17000 labour hours each month. Which formula is used to calculate th…

← Browse all past-paper questions