Post Utme Delsu 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Delsu Accounting examination.

Post Utme Delsu 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_DELSU • 2021 • ACCOUNTING • objective

A company issued 10,000, 10% shares of ₦10 each at a premium of 20%. The company pays annual dividend of 5% on the face value of the shares. Calculate the amount of dividend paid annually.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Delsu 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Delsu Accounting examination.

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