The Following Information Is Taken from the Financial Statements of Cyrus

question 54

Multiple Choice

The following information is taken from the financial statements of Cyrus Ltd for the year ended 30 June 2016.

What was the amount of interim dividend paid during the year?

• A) $620 000
• B) $460 000
• C) $230 000
• D) $210 000

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Definitions:

Different Industries

Various sectors of the economy that produce or distribute goods and services, such as technology, healthcare, and manufacturing.

Common-sized Financial Statements

Financial statements that present all line items as a percentage of a common base figure, facilitating comparison across periods or companies.

Comparative Statements

Financial statements that present data for more than one accounting period side by side to facilitate analysis and identify trends.

Price-level Accounting

An accounting method that adjusts financial statements to reflect changes in the purchasing power of money due to inflation or deflation.