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CIMA CIMA Certificate BA3 New Questions

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Question 52

Which TWO of the following statements are correct?

Options:

A.

Ordinary shares carry compulsory dividends

B.

Ordinary shares carry voting rights

C.

Preference shares carry voting rights

D.

Preference shares are the lowest priority when winding up

E.

Preference shares usually carry a fixed dividend

Question 53

It underpins all accounting standards and provides the platform from which all future standards will be developed.

Which ONE of the following is described above?

Options:

A.

The Companies Act

B.

The Framework

C.

The European Union

D.

The International Financial Reporting Interpretation Committee

Question 54

Refer to the exhibit.

A company has the following equity balances at the beginning of the year

During the year the company made a bonus issue of 1 for 4 shares

What are the equity balances after this issue?

Options:

A.

A

B.

B

C.

C

D.

D

Question 55

A decrease in the allowances for receivables would result in:

Options:

A.

An increase in working capital

B.

A decrease in working capital

C.

An increase in liabilities

D.

A decrease in net profit

Page: 13 / 14
Exam Code: BA3
Exam Name: Fundamentals of Financial Accounting
Last Update: May 2, 2024
Questions: 393
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