Post Utme Unilag 2023 Commerce Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A company has a policy of paying dividends of 10% on its common stock. If the company has 1,000,000 shares outstanding and a net income of ₦10,000,000, what is the amount of dividends paid?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Unilag 2023 Commerce Question 15. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support