Revaluation surplus of a company will be shown in a. Statement of cash flows b. iIt will be shown only in current liabilities c. It will not be shown anywhere d. Statement of changes in equity Which of the following effect is Correct for the payment of dividend by the company on Irredeemable preference shares? a. Increase Bank balance b. Increase Current liability c. Decrease Current liability d. Increase Retained earnings
Revaluation surplus of a company will be shown in a. Statement of cash flows b. iIt will be shown only in current liabilities c. It will not be shown anywhere d. Statement of changes in equity Which of the following effect is Correct for the payment of dividend by the company on Irredeemable preference shares? a. Increase Bank balance b. Increase Current liability c. Decrease Current liability d. Increase Retained earnings
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Revaluation surplus of a company will be shown in
a.
Statement of cash flows
b.
iIt will be shown only in current liabilities
c.
It will not be shown anywhere
d.
Statement of changes in equity
Which of the following effect is Correct for the payment of dividend by the company on Irredeemable preference shares ?
a.
Increase Bank balance
b.
Increase Current liability
c.
Decrease Current liability
d.
Increase Retained earnings
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