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
100 Level Department of English And Literary Studies exam questions and detailed answers. Download the answers…
100 Level Department of English And Literary Studies exam questions and detailed answers. Download the answers…
100 Level Department of English And Literary Studies exam questions and detailed answers. Download the answers…
100 Level Department of English And Literary Studies exam questions and detailed answers. Download the answers…
100 Level Department of English And Literary Studies exam questions and detailed answers. Download the answers…
100 Level Department of English And Literary Studies exam questions and detailed answers. Download the answers…
