Q1: For a company, what are the two main components, or parts, of equity in its balance sheet? Describe each of these two main components of equity for a company.
Q2: How are reserves different to provisions?
Q3: What is other comprehensive income?
Q4: What are dividends?
Q5: Why do listed companies ‘declare a dividend’ (ie announce their intention to pay a dividend) before they actually pay it? What don’t they simply pay a dividend in ‘one go’?
Q6: How do we account for a company declaring a dividend?
Q7: How do we account for a company when it actually pays the dividend to shareholders?
Q8: How do we account for long-term investments that involve investing in the shares of other companies that are associated companies.
Q9: How do we account for long-term investments that involve investing in the shares of other companies that are subsidiary companies?
Martin Turner Accounting 