ABC Ltd has declared an ordinary share dividend of £200,000 at 31/12/2011. Which of the following correctly explains the accounting entries for the dividend at the year end?

Which of the following would NOT be reported below the line?

Reggy Company expects to have a record year, with net income increasing by 20 percent. Reggy would like to share this increase with stockholders, how would Reggy record this? As a:

Which of the following statements correctly summarizes the key characteristics of a sole trader’s business?

What is the gain or loss on disposal of an asset if at the time of the disposal its cost is $100000, the Bookvalue is $50000, and it sold for $30000?

In calculating the income to be reported for two different segments of a company, general operating expenses must be allocated between the two. How should this allocation be made?

Which of the following defines book value?

Which of the following is a cash expense?

An increase in revenue is journaled as a ____.

What is retained earnings considered?

Which accounting assumption states that an enterprise will continue in operation long enough to carry out its existing objectives and commitments?