Post Utme Ui 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. The shares are redeemable at the end of 3 years. Calculate the amount of dividend to be paid annually.

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Ui 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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