• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Irredeemable Preference Shares

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Irredeemable Preference Shares

  • This topic has 7 replies, 7 voices, and was last updated 3 years ago by Azai.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • April 14, 2010 at 8:12 am #43520
    general12143
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    The course notes didn’t talk about “Irredeemable Preference Shares” but I saw a question on it in the study kit.

    Please anyone can explain this I would be very grateful.

    April 14, 2010 at 3:14 pm #59172
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54665
    • ☆☆☆☆☆

    Preference share are share that get a fixed dividend.

    (So 10% $1 preference shares get a fixed dividend of 10c each year)

    The word ‘redeemable’ means repayable, and so ‘irredeemable’ means never repayable.

    June 8, 2010 at 5:03 pm #59173
    abdulwahabsiddiq
    Member
    • Topics: 16
    • Replies: 54
    • ☆☆

    ORDINARY SHARE AND PREFFERENCE SHARE BOTH COMES IN WHICH SECTION :
    A. BALANCE SHEET
    B. ST OF CHANGES IN EQUITY
    C. ST OF CASH FLOW
    D. BOTH A AND B

    June 8, 2010 at 10:12 pm #59174
    shimmer
    Member
    • Topics: 9
    • Replies: 83
    • ☆☆

    correct answer is D.

    i suggest you to also read your study text…The course notes are pretty helpful but they can’t be replaced with ur textbook..

    June 9, 2010 at 7:45 am #59175
    abdulwahabsiddiq
    Member
    • Topics: 16
    • Replies: 54
    • ☆☆

    there is a question 207 in kaplan revision kit. It takes only ordinary shares in st of changes in equity. little bit confusing!

    October 29, 2011 at 3:37 pm #59176
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 2
    • ☆

    yeah its fact but one thing which i havnt seen anywhere, what is the accounting treatment of irredeemable preference shares, roger that and m waiting for ur humble response.

    October 31, 2011 at 7:37 pm #59177
    Vipin
    Member
    • Topics: 151
    • Replies: 374
    • ☆☆☆☆

    Redeemable shares are classified as a liability on the statement of financial position.
    Irredeemable shares are classified as equity on the statement of financial position.

    February 3, 2022 at 5:21 pm #648057
    Azai
    Participant
    • Topics: 1
    • Replies: 5
    • ☆

    Extracts from the accounting records of Andratx Co relating to the year ended 31 December 20X6 are as follows:

    Revaluation surplus $230,000 Equity interim dividend paid $12,000 Profit before tax $178,000 Estimated tax liability for year $45,000 8% $1 Preference shares $100,000 Under provision for tax in previous year $5,600 Proceeds of issue of 2,000 $1 equity shares $5,000 Final equity dividend proposed $30,000 What was the total of equity reported in the statement of changes in equity at 31 December 20X6?

    A $312,400 B $356,000 C $348,000 D $342,400

    What is the correct answer ?

  • Author
    Posts
Viewing 8 posts - 1 through 8 (of 8 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • bpop on Risk and uncertainty (part 2) – ACCA (AFM) lectures
  • kamo7293 on Financial performance – Example 2 – ACCA Financial Reporting (FR)
  • nevertoolate on CIMA BA2 – Regression analysis
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • Ark1 on The nature and structure of organisations – ACCA Paper BT

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in