Post Utme Rhema University 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of 50%. The company's profit for the year is ₦500,000. Calculate the amount of dividend to be paid to the shareholders.

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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