Post Utme Rhema University 2020 Commerce Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2020 Commerce Objective / Multiple Choice
Question 39 POST_UTME_RHEMA_UNIVERSITY • 2020 • COMMERCE • objective

A company has a profit of ₦1 million, and its directors declare a dividend of 10% on the share capital. If the company has 100,000 ordinary shares of ₦100 each, what is the amount of dividend paid to each shareholder?

Answer Options

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

About This Question

This is Post Utme Rhema University 2020 Commerce Question 39. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.

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