Accounts (Principles of Accounts)Company accountsJAMB
A company declares a 10% dividend on 500,000 ordinary shares of ₦2 each. Find the total dividend.
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Answer: C. ₦100,000
Nominal capital = ₦1,000,000; 10% = ₦100,000.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.