Post Utme Ui 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Ui Accounting examination.

Post Utme Ui 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UI • 2021 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦200,000. The company's balance sheet shows a capital of ₦500,000 and a current liability of ₦100,000. What is the amount of dividends that can be paid?

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Ui 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.

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