A-LevelAccountingPreparation of financial statements9706/12 · May/June 2021 · 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
✓ Correct answer
A: income statement nil, statement of changes in equity $16300, statement of financial position nil
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