A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · 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

A: $30 000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 20.

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