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Accounts - Principles of Accounts Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
216
Use the information below to answer question

Maimalari Ltd had (i) Earning per share 47k
(ii) Dividend per share 30k
(iii) Par value of each share N1.20
(iv) Market price per share N1.50

The company's earning yield is?
  • A. 20.00%
  • B. 25.00%
  • C. 31.33%
  • D. 39.17%
View Answer & Discuss JAMB 2000
217
Use the information below to answer question Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of each share N1.20 (iv) Market price per share N1.50

What will be the price earnings ratio of the company?
  • A. 3.91
  • B. 3.19
  • C. 2.95
  • D. 2.55
View Answer & Discuss JAMB 2000
218
The Partnership Deed normally specifies?
  • A. how profit or losses are to be shared
  • B. the capital to be contributed annually
  • C. how salaries are paid to employees
  • D. the profit that should be earned annually
View Answer & Discuss JAMB 2000
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
219
The accumulation fund of a non-trading concern can equally be referred to as?
  • A. members' equity
  • B. share capital
  • C. general fund
  • D. surplus fund
View Answer & Discuss (1) JAMB 2000
220
When a purchase business is revalued, the effect is that?
  • A. a decrease in the value of asset has no effect on value of goodwill
  • B. an increase in the value of asset is treated as an increase in the value of goodwill
  • C. a decrease in the value of asset is treated as an decrease in the value of goodwil
  • D. an increase in the value of asset is treated as an decrease in the value of goodwill
View Answer & Discuss JAMB 2000
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