DT’s final dividend for the year ended 31 October 2015 of USD150,000 was declared on 1 February 2016 and paid on 1 April 2016. The financial statements were approved on 31 March 2016.Which TWO of the following statements describe the correct treatment of the dividend in DT’s financial statements?(1) The payment settles an accrued liability in the statement of financial position as at 31 October 2015(2) The dividend is shown as a deduction in the statement of profit or loss for the year ended 31 October 2016(3) The dividend is shown as an accrued liability in the statement of financial position as at 31 October 2016(4) The dividend is disclosed in the notes to the financial statements at 31 October 2015(5) The dividend is presented in the statement of changes in equity for the year ended 31 October 2016
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .The accountant of Verse is preparing the company’s draft financial statements and must decide how the following items should be reported:(1) Gain on revaluation of property(2) Interest charge on long-term borrowingsWhich items should be included in the calculation of total comprehensive income for the year?
A 1 only B 2 only C 1 and 2 D Neither 1 nor 2
2 .Which of the following could appear as separate items in the statement of changes in equity required by IAS 1 “Presentation of Financial Statements” as part of a company’s financial statements?(1) Transfer to retained earnings.(2) Loss on sale of investments.(3) Proceeds of an issue of ordinary shares.(4) Dividends proposed after the year end.
A 1 and 3 only B 1 and 4 only C 2 and 3 only D 2 and 4 only
3 .Which of the following items may appear in a company’s statement of changes in equity, according to IAS 1 “Presentation of Financial Statements”?(1) Revaluation surplus.(2) Dividends proposed.(3) Proceeds of equity share issue.(4) Total comprehensive income for the period.
A 1, 2 and 3 only B 1, 2 and 4 only C 1, 3 and 4 only D 2, 3 and 4 only
4 .Which of the following should NOT appear in a company’s statement of profit or loss and other comprehensive income?
A A loss after taxation for the financial year B Dividends received from investments C Gain on revaluation of a non-current asset D Dividends paid to shareholders during the year
5 .When reporting profit for a period, companies are required to ensure that income and expenses are correctly classified.Which one of the following items will NOT be included in profit or loss for the period?
A Interest payable B Dividend paid to ordinary shareholders C Depreciation charge for the year D Income tax expense
7 .Which of these statements about limited liability companies is/are correct?(1) A company might make a bonus (capitalisation) issue to raise funds for expansion.(2) Both realised and unrealised gains and losses are included in the statement of comprehensive income required by IAS 1 Presentation of Financial Statements.
A 1 only B 2 only C Both 1 and 2 D Neither 1 nor 2
8 .Which of the following statements about financial accounting for a limited liability company is true?
A A revaluation surplus arises when a non-current asset is sold at a profit B The authorised share capital of a company is the maximum nominal value of shares the company may issue C The notes to the financial statements must contain details of all adjusting events as defined in IAS 10 Events After ...
9 .A company has issued 50,000 ordinary shares of 25c each at a premium of 50c per share. The cash received was correctly recorded but the full amount was credited to the ordinary share capital account.Which of the following journal entries is needed to correct this error?
A Debit Share premium account USD25,000; Credit Share capital account USD25,000 B Debit Share capital account USD25,000; Credit Share premium account USD25,000 C Debit Share capital account USD12,500; Debit Share premium USD25,000Credit Cash USD37,500 D Debit Share capital account USD37,500; Credit ...
10 .Which of the following journal entries could correctly record a bonus (capitalisation) issue of shares?
A Debit Cash USD100,000; Credit Ordinary share capital USD100,000 B Debit Ordinary share capital USD100,000; Credit Share premium USD100,000 C Debit Share premium USD100,000; Credit Ordinary share capital USD100,000 D Debit Retained earnings USD100,000; Credit Ordinary share capital USD60,000; Credi...
