Accounts (Principles of Accounts)Company accountsJAMB
A company has 400,000 ordinary shares of ₦2 each, fully paid, and declares a dividend of 10%. The total dividend is
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Answer: C. ₦80,000
Nominal value 400,000 × ₦2 = 800,000; 10% of 800,000 = ₦80,000.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.