Accounting WAEC

The amount available as dividend to ordinary shareholders 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. N75,000

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

Correct Answer: Option B

B. N65,000

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6 years ago

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