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

Preparation of financial statements — practice question

A company’s ordinary share capital is $400 000, consisting of ordinary shares valued at $0.50 each. Information about dividends for the year ending 31 December is given below: - dividends paid in the year: $0.10 per share - dividends proposed at the end of the year: $60 000 What figure should be shown for dividends in the statement of changes in equity for the year ending 31 December?

  • A$40 000
  • B$80 000
  • C$100 000
  • D$140 000

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