Post Utme Mountain Top University 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A firm has a capital of ₦200,000 and a profit of ₦50,000. If the firm distributes 20% of the profit as dividend, calculate the amount of dividend paid to the shareholders.

Answer Options

A. ₦10,000
B. ₦20,000
C. ₦30,000
Correct Answer D. ₦40,000
Correct Answer
D
Correct Option:
₦40,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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