Post Utme Redeemers University 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 10,000 9% shares of ₦10 each on January 1, 2022. The shares are redeemable at par after 5 years. The company pays dividends half-yearly on June 30 and December 31. Calculate the amount of dividend paid on December 31, 2022.

Answer Options

A. ₦9,000
B. ₦10,000
C. ₦11,000
Correct Answer D. ₦12,000
Correct Answer
D
Correct Option:
₦12,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

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