Post Utme Uniport 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company, GHI Ltd, has a company account that shows the following information: Common Stock ₦1,000,000, Retained Earnings ₦500,000, and Dividends ₦200,000. If the company declares a 10% dividend, calculate the amount of dividend declared.

Answer Options

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

About This Question

This is Post Utme Uniport 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Uniport Accounting 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