A-LevelAccountingFinancial reporting and ethical considerations9706/12 · May/June 2016 · Q11 Mark

What might stop financial statements showing a true and fair view?

Achanges in depreciation methods from year to year

Bchanges in dividend policy

Ccreation of a general reserve

Dinclusion of purchased goodwill in a statement of financial position

✓ Correct answer

A: changes in depreciation methods from year to year

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Topic: Financial reporting and ethical considerations, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2016 Paper 1 Variant 2, question 1.

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