Post Utme Elizade University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 shows a total equity of ₦3,500,000. The company's profit and loss account for the same period shows a profit of ₦2,000,000. The company's retained earnings as at 31st December 2022 were ₦1,000,000. Calculate the company's dividends paid.

Answer Options

A. ₦500,000
B. ₦750,000
Correct Answer C. ₦1,000,000
D. ₦1,250,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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