Use the following information to answer the given question
| ₦ | |
| ordinary shares of ₦1 each | 500,000 |
| 8% preference shares of ₦1 each | 200,000 |
| Interim dividends paid | |
| – ordinary shares | 40,000 |
| -preference shares | 12,000 |
| profit for the year | 100,000 |
If no profit is to be retained, proposed preference shares dividend is?
A. ₦28,000
B. ₦16,000
C. ₦12,000
D. ₦4,000
Correct Answer: Option B
B. ₦16,000
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…