Accounting Multiple Choice Question – 31 May 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Shareholders must be provided with the financial statements of any company in which they own shares because . . .?

Select ONE answer:

  1. of the provisions of the Companies Acts.
  2. of regulations issued by the Stock Exchange.
  3. of regulations issued by the Accounting Standards Board (ASB).
  4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct
  2. Not correct – Stock Exchange regulations apply only to companies whose shares are listed on the Exchange.
  3. Not correct – Regulations issued by the Accounting Standards Board relate to the preparation of financial statements, not to their dissemination / publication.
  4. Not correct

 

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