The financial year of a limited company ends on 30 June. The following information is available regarding ordinary dividends. for the year ended dividend proposed $ 30 June 2019 12000 30 June 2020 19000 During the year ended 30 June 2020, the company paid last year's proposed dividend in full together with an interim dividend of $4300. What is the amount of dividends shown in the financial statements for the year ended 30 June 2020?
✓ Correct Answer
The correct answer is A: income statement nil, statement of changes in equity $16300, statement of financial position nil
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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