YZ leased plant for 6 years. Annual payments in arrears were £21,570. Interest rates were 5%. Current liabilities at the end of year 02 were A) £14,322 B) £17,746 C) £22,895 D) £23,497 BC makes a 1:5 bonus issue. Pre-issue, ABC had 40,000 £1 shares with shareholder funds of £100,000. Post-issue, retained earnings were A) £72,000 B) £68,000 C) £52,000 D) £48,000 MN revalued plant by £20,000 at the start of the year. The plant cost £30,000 and is halfway through its useful working life. LMN uses straight line depreciation at 10% p.a. with zero residual value. At the year-end LMN's revaluation reserve was A) £16,000 B) £15,000 C) £12,000 D) £10,000 Following a fully subscribed 1:4 rights issue to raise £10,000, PQR had 50,000 £1NV shares in issue. If the pre-rights share price was 160p, the post-rights price will be A) 162p B) 158p C) 148p D 142p Gearing at DE is 30%. Interest expense on its 10% loan stock amounted to £60,000 this year, and there are 450,000 £2NV shares in issue. Retained earnings were A) £430,000 B) £500,000 C) £640,000 D) £720,000