Post Utme Joseph Ayo Babalola University 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 5,000, 10% preference shares of ₦10 each. Calculate the amount of dividend payable on the preference shares for the first year.

Answer Options

Correct Answer A. ₦50,000
B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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