F7 Chapter 19 Questions
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
You must be logged in to post a comment.
Sir, in question 1, I understand the part where dividends of 2014= 3800 + Current dividends paid 2900, But then there is a balance payable of 4600, Why don’t we deduct the closing balance?
The question asks you “How much was paid?”
And the answer is …
… Pear paid the brought forward liability from last year and also paid an interim dividend this year
So dividends PAID were $3,800 and $2,900 = $6,700
You ask “Why don’t we deduct the closing balance?”
Why should we? And HOW should we?
We haven’t added it in anywhere from which we could now deduct it
No, we’ve added interim dividend to BROUGHT forward amount and in that respect it is the same as tax and interest
The big difference is that dividends are not debited to statement of profit or loss
Solution for Q3 please. Thanks.
$350,000
Debits in DT account 460
Credits in DT account 390, 70
Debits in CT account 70, 80
Credits in CT account 120, 380
Missing figure is 350
sir ,plz give me the complete solution of q2?
The explanation is immediately below this post!
I mean question 2 not 1
There were 320,000 shares in issue at the start of the year
A 1 for 8 bonus issue took the share numbers up to 360,000
A 1 for 2 rights issue involves the issue of a further 180,000 shares at an exercise price of 90 cents raising $162,000
(The question should read “financing activities” not “operating activities”)
Hie,can u assist me with the calculation of question 2 on cashflow.i am totaly clueless..
Pay the 3,800 brought forward from last year and the 2,900 interim dividend for this year
Sir, why is it different from the way interest or tax payment?
wherein, (Amount brought forward+finance cost as per SPorL minus amount carried forward= interest paid during the year)
in case of dividend, we have added interim dividend paid to carried forward amount
Thanks
Thanks in advance
“Sir, why is it different from the way interest or tax payment?
wherein, (Amount brought forward+finance cost as per SPorL minus amount carried forward= interest paid during the year)
in case of dividend, we have added interim dividend paid to carried forward amount
Thanks”
I’ve already answered this somewhere else!