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 |
The dividend per ordinary shares for the year is?
A. ₦0.88 kobo
B. ₦0.40 kobo
C. ₦0.20 kobo
D. ₦0.17 kobo
Correct Answer: Option B
B. ₦0.40 kobo
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