Post Utme Unilorin 2022 Accounting Question 16
Practice objective / multiple choice question 16 from the 2022 Post Utme Unilorin Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The balance sheet as at 31st December 2021 showed a capital of ₦2,000,000. The company's profit-sharing ratio is 3:2:1. If the company has 10 shareholders, calculate the amount each shareholder will receive as dividend.
Answer Options
About This Question
This is Post Utme Unilorin 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.