Which of the following statements are correct about the financial statements of a limited company? 1 An ordinary dividend paid appears in the income statement. 2 A transfer into the general reserve is shown in the statement of changes in equity. 3 Debentures issued are shown in the statement of changes in equity. 4 A proposed dividend is not included in the income statement.
- A1 and 2
- B1 and 3
- C2 and 4
- D3 and 4