A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2015 · Q211 Mark

Which items increase when a company issues new shares? 1 cash (and cash equivalents) 2 equity 3 non-current liabilities 4 retained earnings

A1 and 2

B1 and 3

C2 and 3

D2 and 4

✓ Correct answer

A: 1 and 2

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2015 Paper 1 Variant 2, question 21.

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