Accounting Multiple Choice Question – 13 March 2022

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

Accounting
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A company’s statement of financial position showed the total equity of £300,000 on 1 July 2020.

The following took place during the year ended 30 June 2021.

  • Profit for the year was £77,500.
  • An interim dividend of £9,000 was paid.
  • A final dividend of £16,000 was proposed.

What was the total equity at 30 June 2021?

Select ONE answer:

  1. £344,500
  2. £352,500
  3. £368,500
  4. £376,500

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 3

  1. Not correct
  2. Not correct
  3. Correct – £300,000 + £77,500 – £9,000
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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