The amount available as dividend to ordinary shareholders is?

By: |Published on: Jun 4|Categories: Accounting WAEC| 0 comments

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. N75,000

B. N65,000
C. N55,000
D. N52,500

Correct Answer: Option B

B. N65,000

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