Day: August 27, 2021

Accounting Multiple Choice Question – 27 August 2021

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

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A Balance Sheet extract shows: 

All the loan stock is to be converted to ordinary shares in the proportion of £1 loan stock to 1 new ordinary share. 

After the conversion, what will be the net asset value per share?

Select ONE answer:

  1. £0.80
  2. £0.90
  3. £1.00
  4. £1.30

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 2

  1. Not correct
  2. Correct ==> (£1,000 + £400) / £1,400 / £1,800 – £540 + (140 * 2)
  3. Not correct
  4. Not correct

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