Tale LTd. has 100,000 ordinary shares of ₦1 each and 60...
Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Both were fully paid as shown below,
\(\begin{array}{c|c} & ₦\\ \text{Profit and loss appropriation b/f} & 10,000\\ \text{Net profit for the year} & 6,000\\ \text{Proposed dividend on ordinary shares} & 4,000\\ \text{Interim dividend} & 6,000\\ \text{Goodwill written off} \\ 600\end{array}\)
The dividend payable to preference shareholders is
₦9,000
₦6,000
₦3,000
₦2,400
Correct answer is C
No explanation has been provided for this answer.
An account is said to have a debit balance because ...
The concept which states that assets are not to be recorded at their current market value is ...
Which of the following is not a cause discrepancy between cash book and bank statement balances? ...
1/1/2010 31/12/2010 Creditors - #9,000 #9,800 Rent owing - #3,800 #2,500 Rates prepaid - #2,000 #...
In which of the following is not stated in the partnership agreement? ...
Determine the bank balance ...
A Receipt and Payments Account reveals ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...