A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2017 · Q161 Mark

Which facts about preference shares are correct?

Arate of dividends: fixed, voting rights: no

Brate of dividends: fixed, voting rights: yes

Crate of dividends: variable, voting rights: no

Drate of dividends: variable, voting rights: yes

✓ Correct answer

A: rate of dividends: fixed, voting rights: no

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2017 Paper 1 Variant 2, question 16.

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