A-LevelAccountingLimited Companies (Share Capital, Dividends)Oct/Nov 2012Paper 1 Q201 Mark
A company has an authorised share capital of 1 000 000 $0.50 ordinary shares. Its issued share capital is 800 000 shares. An ordinary dividend of 7½% is declared. How much is payable to the shareholders?
A$30 000
B$37 500
C$60 000
D$75 000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of limited companies (share capital, dividends) within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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