Post Utme Summit University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has a capital of ₦100,000 and a profit of ₦20,000. If the company distributes 20% of the profit as dividend, what is the amount of dividend paid?

Answer Options

A. ₦4,000
Correct Answer B. ₦4,500
C. ₦5,000
D. ₦5,500
Correct Answer
B
Correct Option:
₦4,500

About This Question

This is Post Utme Summit University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

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