The newest 20 of 32 written questions. Open one to see it on the real paper.
Calculate the number of issued ordinary shares at 1 April 2024.
See it on the paper →Prepare the following ledger accounts to record the transactions during the year ended 31 March 2025. Share premium account Date Details $ Date Details $ Details $ Retained earnings account Date Details $ Date
See it on the paper →State three factors that directors should consider when deciding the amount to be paid as a final dividend.
See it on the paper →Prepare the statement of changes in equity for the year ended 31 December 2024. A total column is required.
See it on the paper →Prepare the statement of changes in equity for the year ended 31 December 2024. A total column is required.
See it on the paper →Prepare the statement of financial position at 30 June 2024. Use the space provided on page 5 to show your workings. J plc Statement of financial position at 30 June 2024 Workings: Additional information The directors of J plc are aware that one factor causing the value of plant and equipment to depreciate is wear and...
See it on the paper →Prepare the following accounts for the year ended 30 September 2024. Dates are not required. Share capital $ Details $ Details Share premium Details $ Details $ Details $ Retained earnings Details $ Workings:
See it on the paper →Calculate the amount raised by the rights issue on 1 July 2021.
See it on the paper →Prepare a statement of changes in equity for the year ended 31 December 2021. K Limited Statement of changes in equity for the year ended 31 December 2021 Share capital $ Share premium $ Retained earnings $ Total $ Balances at 1 January 2021
See it on the paper →Prepare the statement of financial position at 31 December 2021. K Limited Statement of financial position at 31 December 2021 $
See it on the paper →Revenue reserve
See it on the paper →Capital reserve Additional information The directors of K Limited will require additional finance in 2022 to cover the cost of opening a new branch of the business. They are considering two options. Option 1: Make a further rights issue of shares. Option 2: Make an issue of 8% debentures. REQUIRED
See it on the paper →Advise the directors which option they should choose. Justify your answer by discussing both options.
See it on the paper →State one difference between a rights issue and a bonus issue of shares.
See it on the paper →Prepare the statement of changes in equity for the year ended 31 December 2021. A total column is not required.
See it on the paper →Calculate the earnings per share for 2019.
See it on the paper →Explain two reasons why a company may make a rights issue of shares rather than an issue of debentures.
See it on the paper →Calculate the amount raised by the rights issue.
See it on the paper →Prepare a statement of changes in equity for the year ended 31 December 2020. N Limited Statement of changes in equity for the year ended 31 December 2020 Ordinary share capital $000 Share premium $000 Retained earnings $000 Total $000 Balance at 1 January 2020 Additional information The directors are concerned about t...
See it on the paper →Explain how purchased goodwill may arise.
See it on the paper →Stronger responses made the correct entries for profit for the year and dividend paid. Few candidates made the correct entries for the share capital and share premium columns. Many entered the rights issue based on 960 000 shares rather than the shares in issue at 1 July 2021 of 640 000 shares. Frequently however, candidates correctly multiplied their share number by 0.4 to gain an own figure mark...
— Examiner report, May/June 2022, 9706/23 Q1(c) (Cambridge)
The statement of financial position was well presented by many candidates. Most candidates provided the correct sub-headings for each section, although some did not use ‘Equity’ as a subheading. Some candidates showed a sub-total for total assets but did not show a separate subtotal for current assets. Within the equity section some candidates included an entry for profit for the year rather than...
— Examiner report, May/June 2022, 9706/23 Q1(d) (Cambridge)
Many candidates correctly explained a revenue reserve as profit arising from trading activities and that it may be used to pay dividend. Some responded with examples of revenue reserves rather than explaining their meaning. Frequently responses for capital reserves illustrated different types of capital reserves rather than explaining the meaning of capital reserves. The stronger responses related...
— Examiner report, May/June 2022, 9706/23 Q1(e) (Cambridge)
Past papers, syllabus and examiner reports © UCLES (Cambridge University Press & Assessment). Questions are matched to topics from the official syllabus. AssessPro is independent and not endorsed by Cambridge.