Question 22
Question 22 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
1. Financial accounting (...
1.5. Preparation of financial state...

the distinction between capital reserves (share premium and revaluation reserve) and revenue reserves (retained earnings and general reserve)

3. Financial accounting (...
3.5. Analysis and communication of...

how to calculate the following ratios: working capital cycle (in days), net working assets to revenue (sales), interest cover, gearing ratio, earnings per share, price/earnings ratio, dividend per share, dividend yield, dividend cover

4. Cost and management ac...
4.4. Investment appraisal

how to apply the following capital investment appraisal techniques: payback, accounting rate of return (ARR = (average profit / average investment) × 100), net present value (NPV), internal rate of return (IRR)