Multiple Choice
Which of the following statements is false?
A) The "equity" component of the statement of financial position is increased by the amount of profit earned during the year
B) The "equity" component of the statement of financial position is decreased by the amount of profit earned during the year
C) The "equity" component of the statement of financial position is reduced by the amount of dividend to be paid for the year
D) The "equity" component of the statement of financial position may change as the result of a revaluation of assets
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If a company purchases a machine for
Q3: Which of the following statements is correct?<br>A)
Q4: Operating profit is:<br>A) Sales - cost of
Q5: Revenue is:<br>A) The amount received from borrowing<br>B)
Q6: A company buys a new piece of
Q8: The part of a company's group accounts
Q9: If a company buys a machine for
Q10: In a company's group accounts,the part of
Q11: Depreciation is not a process of valuing
Q12: Which of the following statements is correct?<br>A)