A-LevelAccountingCompany AccountsFeb/Mar 2018Paper 1 Q151 Mark
The following is an extract from a statement of changes in equity. ordinary share general retained share capital premium reserve earnings $ $ $ $ balance at the 75000 15000 3000 45000 start of the year During the year the following occurred. 1 An interim dividend of $4875 was paid. 2 A final dividend of $6000 was proposed. 3 $2500 was transferred to the general reserve. What was the balance of retained earnings at the end of the year?
A$31625
B$36 625
C$37625
D$42625
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The correct answer is C. This question tests the candidate's understanding of company accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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