Accounting Multiple Choice Question – 6 September 2021

A company converts some debentures into shares on 1 January 2020.

What is the impact on the following ratios in the 2020 financial statements?

Select ONE answer:

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

• Not correct
• Correct
• Not correct
• Not correct

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