Use the following information to answer the given questio...
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
The amount available as dividend to ordinary shareholders is
N75,000
N65,000
N55,000
N52,500
Correct answer is B
No explanation has been provided for this answer.
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