Use the following information to answer the given questio...
Use the following information to answer the given question.
Net profit for the yearN75.000Ordinary share capital of 50 kobo eachN65,00010% Preference shares of 50 kobo eachN100,000
Preference dividend for the year is
N20,000
N10,500
N10,000
N7,500
Correct answer is C
No explanation has been provided for this answer.
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