Free BA3 Exam Braindumps (page: 4)

Different users have different needs from financial information. One of which is to assess how effectively management is performing and how much profit will be available to be distributed.

Which of the following users will have this need for information?

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A company has profit before tax and dividends of $500000. The share capital consists of 1000000 ordinary shares of $1 each and 100000 10% preference shares of 50p each.

A 10p dividend was declared on ordinary shares.

Assuming there was no tax liability for the period, profit retained for the period was

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BCD has the following balances for the year ended 31 December 20X8:



What is the trade payables balance of BCD at 31 December 20X8? Give your answer to the nearest $"000.

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STU has an accounting period end of 31 December 20X8 During the year STU paid $4,800 for business insurance to cover the year to 30 June 20X9 The amount paid for business insurance for 30 June 20X8 was $4,500.

What is the insurance expense to be recognized in the statement of profit or loss of STU for
the year ended 31 December 20X8? Give your answer to the nearest $