Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

The company’s financial year ends on 31 December. In the year ended 31 December 2018, it made the following dividend payments: Final dividend for the year ended 31 December 2017: $15000$ Interim dividend for the year ended 31 December 2018: $8000$ On 1 February 2019, a final dividend of $10000$ was declared for the year ended 31 December 2018. What amount should be shown for dividends in the statement of changes in equity for the year ended 31 December 2018?

  • A$8000
  • B$18000
  • C$23000
  • D$33000

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI