O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2012 · Q271 Mark

The issued share capital of DX Ltd consists of ordinary shares. The retained earnings were $45000 on 1 January 2011. These had increased to $75 000 on 31 December 2011. The company earned a profit for the year of $80 000. What was the total ordinary share dividend for the year?

A$30 000

B$35 000

C$45 000

D$50 000

✓ Correct answer

D: $50 000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 27.

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The issued share capital of DX Ltd consists of ordinary shares. The retained earnings were $45000 on 1 January 2011. These had increased to $75 000 on 31 December 2011. The company earned a profit for the year of $80 000. What was the total ordinary share dividend for the year?

✓ Correct answer

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