O-LevelAccountingPreparation of financial statements7707/11 · May/June 2016 · Q221 Mark

Which item is directly affected by the dividend policy of a limited company?

Ageneral reserve

Bordinary share capital

Cpreference share capital

Dretained earnings

✓ Correct answer

D: retained earnings

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2016 Paper 1 Variant 1, question 22.

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