A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2009 · Q151 Mark

An extract from a company's balance sheet is given. $000 issued ordinary share capital 250 issued preference shares 180 profit and loss account 320 share premium account 125 8% debentures 100 What are the ordinary shareholders' funds?

A$695 000

B$775 000

C$875 000

D$975 000

✓ Correct answer

C: $875 000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2009 Paper 1 Variant 2, question 15.

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