Post Utme Uniben 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each on January 1, 2018. If the company's dividend rate is 5% per annum, what is the total dividend paid to preference shareholders for the year ended December 31, 2018?

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Uniben 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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