Post Utme Bsu 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Bsu Accounting examination.

Post Utme Bsu 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BSU • 2018 • ACCOUNTING • objective

A company issues 5,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦250,000, and the company's balance sheet shows a net worth of ₦150,000, what is the amount of dividends paid to shareholders?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Bsu 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Bsu Accounting examination.

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