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1386
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
Dividend per ordinary share is
  • A. N1.00
  • B. N0.50
  • C. N0.45
  • D. N0.40
View Answer & Discuss WAEC 2003
1387
The transfer of goods between departments is recorded be debiting
  • A. the receiveing department and crediting the giving department
  • B. the giving department and crediting the receiving department
  • C. stock account and crediting trading account
  • D. trading account and crediting purchases account
View Answer & Discuss WAEC 2004
1388
Which of the following is the basis for apportioning rent among departments?
  • A. sales
  • B. floor area
  • C. number of employees
  • D. direct labour cost
View Answer & Discuss WAEC 2003
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1389
Which of the following brings a company into legal existence?
  • A. certificate of incorporation
  • B. memorandum of association
  • C. articles of association
  • D. company law
View Answer & Discuss WAEC 2003
1390
Which of the following documents set out the internal regulations of a partnership?
  • A. law
  • B. deed
  • C. regulation
  • D. code
View Answer & Discuss WAEC 2003
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