A-LevelAccountingCompany AccountsMay/June 2021Paper 1 Q171 Mark
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?
Aincome statement nil, statement of changes in equity $16300, statement of financial position nil
Bincome statement nil, statement of changes in equity $23300, statement of financial position $23300
Cincome statement $19000, statement of changes in equity $16300, statement of financial position nil
Dincome statement $23300, statement of changes in equity $19000, statement of financial position $19000
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The correct answer is A. This question tests the candidate's understanding of company accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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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...
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