Post Utme Mountain Top University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 5,000, 12% preference shares of ₦10 each. Calculate the amount of dividend paid to the preference shareholders.

Answer Options

Correct Answer A. ₦60,000
B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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