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A dividend of 10% in a company on 500 000 ordinary shares of N 1...

Accounts - Principles of Accounts
JAMB 1997

A dividend of 10% in a company on 500 000 ordinary shares of N 1 nominal value has been declared, How much will a shareholder receive if he has 200 shares?
  • A. N 500 000
  • B. N 50 000
  • C. N200
  • D. N 20
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Correct Answer: Option D
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