11 Which one of the following youmal entries is comred when payment for share our expenses are made? -out of Question Select one a. Debit: Bank Credit: trade payabiles O b. Debit Share issue expense: Credit Bank O Debit Bank Credit Share issue expense Od Debit: Trade payables Credit Bank 12 in isolation, which of the following is TRUJE about a financial ratio? out of question Select one: O a. Useful only for past performance Ob Useful piece of information Oc Useless piece of information c. Usefut only for future predictions 13 The statement of cash fions is useful to the analyst because Select one as it is the only source in statement of comprehensive income for learning about cash generation O focusing on net income is truthfut if a company has a healthy profit and it can translate the profit into cash c. the statement of cash flows reveals why a company was able to generate a profit Od focusing on net income can be misleading a company has a healthy profit, but cannot translate the profit into cash 14 Which item does not form part of the shareholders' equity of a company on the statement of financial position? Select one O a Share premium Ob Trade payables Oc Ordinary share capital O d. Retained profits To 15 Identify the statement that is likely to be true, for a company making profits? duto Select one O a Retained profits at the year-end will be greater than retained profits at the beginning of the year. O b. The operating profit will be less than the profit for the year. Oc Retained profits at the year-end will be greater than shareholders' equity. d. The profit for the year will be greater than the gross profit