Question 24

The authorized capital of city entertainment company is made up of 200,000 2\(\frac{1}{2}\)% preference shares of Le 60 each and 300,000 ordinary shares have been issued at Le 30 each and fully paid. All the preference dividend and recommended ordinary divided Le 0.10 per share. Using the following information, what is the amount of preference dividend and recommended ordinary divided of Le 0.10 per share

  • A.Le 600,000
  • B.Le 500,000
  • C.Le 3,00,000
  • D.Le 5,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2009
Question no.
#24
Type
Objective

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