Neco Model Questions Vol1 2020 Commerce Question 49
Practice objective / multiple choice question 49 from the 2020 Neco Model Questions Vol1 Commerce examination.
A company has issued 1,000 ordinary shares with a face value of \(\text{₦}100\) each and 200 preference shares that carry a fixed dividend of \(\text{₦}12\) per share. After tax, the profit available for distribution is \(\text{₦}80{,}000\). Determine:\n\n(a) the total dividend paid to preference shareholders;\n(b) the dividend per ordinary share.
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 49. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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