Post Utme Skyline University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each on 1st January 2022. The preference shares are redeemable at par after 5 years. Calculate the annual charge for dividend on the preference shares.

Answer Options

A. ₦25,000
Correct Answer B. ₦50,000
C. ₦75,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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