Preference dividend for the year is?

Use the following information to answer the given question. Net profit for the year N75.000 Ordinary share capital of 50 kobo each N65,000 10% Preference shares of 50 kobo each N100,000 A. N20,000 B. N10,500 C. N10,000 D. N7,500 Correct Answer: Option C B....

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